Business
Business, 03.04.2020 20:09, aleilyg2005

The income elasticity of money demand is 2/3 and the interest elasticity of money demand is -0.1. Real income is expected to grow by 4.5% over the next year, and the real interest rate is expected to remain constant over the next year. The rate of inflation has been zero for several years.

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The income elasticity of money demand is 2/3 and the interest elasticity of money demand is -0.1. Re...

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