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Intermediate Economics

label Economics
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Let the demand for real balances, (M/P)^d equal kY, where k is a constant of proportionality and Y is real income. Clearly and concisely explain what this implies about the income velocity of money and the implications for long run monetary policy
 

Mar 24th, 2015

intermediate economics mean?????????????

way demand for real balnce???? demand crve also use quntqtity and price of acording to given condtion.

way clearly and conscisely explian this?

long tarm montray police also use real incom ........... ask u good question thanks

Mar 24th, 2015

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