What is the money demand function and what is the direction of influence of the variables on money demand?
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Md = P • L ...
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Q40: Real money demand does not change when:
A)nominal
Q41: Under price level targeting the money supply
Q42: Real money demand is:
A)L(Y, i).
B)equal to the
Q43: If the money supply doubles, then
A)real GDP
Q44: If policy makers target a specific price
Q46: The neutrality of money implies:
A)one time changes
Q47: Empirically, the price level is:
A)procyclical as we
Q48: Money demand and the money supply are
Q49: Real money demand is:
A)determined by the central
Q50: If the money supply doubles, then
A)GDP doubles.
B)the
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