- 2 Money Demand In An Economy In Which No Interest Is Paid On Money Is Md 500 0 2y 1000i P A Suppose That P 100 1 (54.73 KiB) Viewed 15 times
2. Money demand in an economy in which no interest is paid on money is Md = 500+ 0.2Y - 1000i. P a. Suppose that P = 100
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2. Money demand in an economy in which no interest is paid on money is Md = 500+ 0.2Y - 1000i. P a. Suppose that P = 100
2. Money demand in an economy in which no interest is paid on money is Md = 500+ 0.2Y - 1000i. P a. Suppose that P = 100, Y = 1000, and i = 0.10. Find real money demand, nominal money demand, and velocity. b. The price level doubles from P = 100 to P = 200. Find real money demand, nominal money demand, and velocity.