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suppose that a persons wealth is kshs. 50,000 and her yearly income is kshs. 60,000. suppose further that her money demand function is given by
Md = y(0.35-i)
where
i= interest rate
y= her total wealth and income

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M9627543

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