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Given people are not working and output is falling。1.what will that do to money demand. 2. What...

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Economics

Given people are not working and output is falling。1.what willthat do to money demand.
2. What happens do money demand when people's incomefalls?
3. Who demands more money you or Bill gates?
4. what should the central banks response be on the moneysupply side?
5. Graph the money market before and after the virus outbreakas described above.

Answer & Explanation Solved by verified expert
3.8 Ratings (420 Votes)
The Money demand function depends on several factors Itspositvely related with Income and Wealth and inversely related wthinterest rate2 As people are not working    See Answer
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