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In This Problem We Try to Establish a Link Between

question 178

Essay

In this problem we try to establish a link between the quantity equation, MdV = PY, and the money demand-money supply diagram (Md is the quantity of money demanded).
-Show in your graph how this curve changes when Y changes.


Definitions:

Debited

Denotes an entry on the left side of an account, indicating an increase in assets or expense or a decrease in liabilities or equity.

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