Refer to Exercise 7.21. a. What are the real income and interest rate elasticities of real cash
Question:
Refer to Exercise 7.21.
a. What are the real income and interest rate elasticities of real cash balances?
b. Are the preceding elasticities statistically significant individually?
c. Test the overall significance of the estimated regression.
d. Is the income elasticity of demand for real cash balances significantly different from unity?
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Refer to the regression results given in Exercise 721 a Using the treasury bill rate as the rate of ...View the full answer
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