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QUESTION
You are given the following equation for the real demand for money: (M/P)d = .25Y - 50r.
You are given the following equation for the real demand for money: (M/P)d = .25Y – 50r.a. Compute the demand for money for each of the following interest rates when income is equal to $11,940, $12,000, $12,060, $12,120, and $12,180:r = 4.4
