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Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969 Exercise 6
Show that a given change in the money stock has a larger effect on output the less interest-sensitive is the demand for money. Use the formal analysis of Section 11-5.
b. How does the response of the interest rate to a change in the money stock depend on the interest sensitivity of money demand
b. How does the response of the interest rate to a change in the money stock depend on the interest sensitivity of money demand
Explanation
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IS curve showing inverse relation betwee...
Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
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