Question: b. Show in which direction the AA schedule will shift in response to an increase in each exogenous variable. Show how E, Y, and CA

b. Show in which direction the AA schedule will shift in

b. Show in which direction the AA schedule will shift in response to an increase in each exogenous variable. Show how E, Y, and CA will change. (Fill in the following box.) M P R* Increase in money demand AA shifts R/L AE (TV ) AY( TL ) ACA (TV)

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