Draw the supply and demand for real money balances and explain what will happen to the
equilibrium interest rate and real money balances in the following cases?
a) People are receiving more income.
b) There is an increase in the use of ATM machine.
c) There is a decrease in the use of credit card.
d) Bangladesh bank has decided to decrease supply of real money balances.
e) Price level has increased by 5%
1
Expert's answer
2020-12-23T11:00:36-0500
Dear Rafayet, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order
Comments
Leave a comment