Answers
ECON 1012 Tien: Macroeconomics Homework 7 Answer Key
- Course
- ECON 1012 (ECON1012)
- Institution
- George Washington University
In the money market model, money demand depends negatively on the value of money, holding income constant. Suppose income decreases overall, how would this impact money demand? Please specify whether money demand increases or decreases, and explain briefly. As people income decreases, the volume o...
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