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(Solved): Money Demand is a function of 2 variables. What are they and are the positively or negatively rela ...
Money Demand is a function of 2 variables. What are they and are the positively or negatively related to the demand for money? GDP and interest rates. If GDP goes up then money demand decreases and if interest rates go up then money demand increases GDP and interest rates. If GDP goes up then money demand increases and if interest rates go up then money demand decreases GDP and interest rates. If GDP goes up then money demand decreases and if interest rates go up then money demand decreases GDP and interest rates. If GDP goes up then money demand increases and if interest rates go up then money demand increases Question 2 Who sets the short term financial interest rates? the White House (B) the Congress the Senate
Expert Answer
Dear student, as per chegg guidelines, we have to answer only one question for you. That's why I have answered only Question 2. I hope you can understand that an