Money demand is given by Md/P =1000 +.2Y- 1000i. Given that P =200, Y =2000, and i =.10, real money demand is equal to
(a) 1300.
(b) 1500.
(c) 260,000.
(d) 300,000.
Answer: A
Money demand is given by Md/P =1000 +.2Y- 1000i. Given that P =200, Y =2000, and i =.10, real money demand is equal to
(a) 1300.
(b) 1500.
(c) 260,000.
(d) 300,000.
Answer: A
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