Figure 4-1

-Employing Figure 4-1 above,if Y increases by 3000 and the interest rate is fixed at 5% then the sensitivity of real money balances to changes in real income is
A)0.67.
B)0.33.
C)-0.67.
D)-0.33.

Question

Figure 4-1
 
-Employing Figure 4-1 above,if Y increases by 3000 and the interest rate is fixed at 5% then the sensitivity of real money balances to changes in real income is
A)0.67. 
B)0.33. 
C)-0.67. 
D)-0.33.

Quizplus · Accepted Answer

The Answer of Figure 4-1
 
-Employing Figure 4-1 above,if Y increases by 3000 and the interest rate is fixed at 5% then the sensitivity of real money balances to changes in real income is
A)0.67. 
B)0.33. 
C)-0.67. 
D)-0.33.

Figure 4-1 -Employing Figure 4-1 Above,if Y Increases by 3000 and the by 3000