"Seignorage = Rate of nominal money growth rate x Real money balance"
"\u0394M \/ P = \u0394M \/ M \\ M \/ P"
"\u0394M \/ P = Y[0.6-(r+x)]"
"\u0394M \/ P= {1000(0.6-(0.05+0.07)}\/0.05"
"\u0394M \/ P = 9,600"
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