Explain the change in the nominal interest rate in the short run if a. Real GDP increases.
Question:
a. Real GDP increases.
b. The money supply increases.
c. The price level rises.
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a The nominal interest rate rises When real GDP increases the quantity of money demanded increases ...View the full answer
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Related Book For
Macroeconomics Canada in the Global Environment
ISBN: 9780321778109
8th edition
Authors: Michael Parkin, Robin Bade
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