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Unformatted text preview: t ÷ v t+1 )*a t Money Market: Real money supply: v t *M t Real money demand: N t *(y-c 1 ) In money market equilibrium: v t = [N t *(y-c 1 )] ÷ M t...
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This note was uploaded on 04/18/2008 for the course ECON 3355 taught by Professor Skelton during the Spring '06 term at SMU.
- Spring '06