Business, 29.11.2019 05:31 nayelieangueira

Now consider the relationship between the price level and the quantity of money that people demand. the higher the price level, the money the typical transaction requires, and the money people will wish to hold in the form of currency or demand deposits.
assume that the fed initailly fixes the quanity of money supplied at $4 billion.

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Now consider the relationship between the price level and the quantity of money that people demand....

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