In Keyness analysis of the speculative demand for money, what will happen to money demand if people

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In Keynes’s analysis of the speculative demand for money, what will happen to money demand if people suddenly decide that the normal level of the interest rate has declined? Why?

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Economics of Money, Banking and Financial Markets

ISBN: 978-0321598905

9th Edition

Authors: Frederic S. Mishkin

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Question Posted: Aug 12, 2012 04:32 AM

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In Keyness analysis of the speculative demand for money, what will happen to money demand if people

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