The spreadsheet provides data about the demand for money in Minland. Columns A and B show the
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The spreadsheet provides data about the demand for money in Minland. Columns A and B show the demand for money schedule when real GDP
( Y0 ) is $10 billion and Columns A and C show the demand for money schedule when real GDP (Y1)
is $20 billion. The quantity of money is $3 billion.
What is the interest rate when real GDP is $10 billion? Explain what happens in the money market in the short run if real GDP increases to $20 billion.
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