Draw a graph of the market for money. Show the effect on the money demand curve, the

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Draw a graph of the market for money. Show the effect on the money demand curve, the money supply curve, and the equilibrium nominal interest rate of each of the following:
a. The Fed decreases the money supply.
b. A recession causes real GDP to fall.
c. The price level increases.
d. The Fed increases the money supply at the same time that the price level falls.
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Macroeconomics

ISBN: 9780132109994

1st Edition

Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty

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