Consider this equation for the demand for money: M= 250R 0 .5 L 0.8 , where M
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Consider this equation for the demand for money: M= 250R−0.5L0.8, where M is the amount of money demanded, R is an interest rate, and Y is income. What is the elasticity of money demand with respect to income? With respect to the interest rate?
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Related Book For 
Essential Statistics Regression And Econometrics
ISBN: 9780123822215
1st Edition
Authors: Gary Smith
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