Suppose the Money Demand Function Is M^D = P ×

question 47

Multiple Choice

Suppose the money demand function is M^D = P × [(0.25 × Y) ? (100 × i) ],
Where Y is expressed in billions of dollars and i is expressed in percentage points.The term [(0.25 × Y) ? (100 × i) ]
Is called

• A)the nominal money-demand function.
• B)the nominal money-supply function.
• C)the real money-supply function.
• D)the real money-demand function.

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