Md/P = 2400 + 0.2 Y β 10,000 (r + Ο e).
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You know the right answer?
Suppose the real money demand function is
Md/P = 2400 + 0.2 Y β 10,000 (r + Ο e).
Md/P = 2400 + 0.2 Y β 10,000 (r + Ο e).
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