Multiple Choice
Using the Cambridge equation, by how much does the demand for money rise at a constant real GDP of $2,000 billion when the price level rises by 10 percent from 1.00, given k = 0.25?
A) $200 billion
B) $20 billion
C) $550 billion
D) $50 billion
Correct Answer:
Verified
Correct Answer:
Verified
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