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    Principles of Macroeconomics Study Set 11
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    Exam 11: Money Demand and the Equilibrium Interest Rate
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    Assume That Joe Chooses to Deposit His Entire Paycheck of $1200
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Assume That Joe Chooses to Deposit His Entire Paycheck of $1200

Question 53

Question 53

Essay

Assume that Joe chooses to deposit his entire paycheck of $1200 and runs his balance down evenly throughout the course of the month. Show with the use of a graph what his average monthly holdings would look like.

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