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Business, 19.06.2020 03:57 katerin4738

Suppose consumers only hold checkable deposits. The demand for money for transactions by consumers is equal to Y*(0.3 - i), where i is in decimals. Income is 800, and the reserve ratio of banks is 0.4. The supply of currency by the central bank is 40. What is the equilibrium interest rate

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Suppose consumers only hold checkable deposits. The demand for money for transactions by consumers i...
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