Answer Happy

Posted: **Wed Jul 06, 2022 6:34 pm**

: B Let The Interest Elasticity Of Money Demand Be 0 4 Assume The Real Interest Increases From 4 To 5 And The Money 1 (10.82 KiB) Viewed 24 times

b) Let the interest elasticity of money demand be -0.4. Assume the real interest increases from 4% to 5%, and the money supply decreases from 500 to 570. All else equal, what would be the percentage change of the equilibrium price level.