3 9:54 , O MO Vo) LTELTE1 llv expert.chegg.com/expertqnaCheggTime remaining: 00:09:47EconomicsConsider the effect of permanent change innominal money supply on the price and theexpected exchange rate in the short-run and thelong-run. Initially, the economy was in the long-runequilibrium with P = 80cH, MS = 4000CH and Ee =150CH/cF. Then, Home central bank permanentlychanged the nominal money supply. Because ofthe change, the real money supply would be 55 inthe short-run.Answer the value of the nominal money supply inthe short-run and the expected exchange rate inthe long-run.MS in short-run = ?Ee in long-run = ?AnswerSkipExitII

The money demand curve shows the inverse relationship between the interest rate and the quantity of…

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Chapter1: Making Economics Decisions

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9:54 , O M
O Vo) LTE
LTE1 ll
v expert.chegg.com/expertqna
Chegg
Time remaining: 00:09:47
Economics
Consider the effect of permanent change in
nominal money supply on the price and the
expected exchange rate in the short-run and the
long-run. Initially, the economy was in the long-run
equilibrium with P = 80cH, MS = 4000CH and Ee =
150CH/cF. Then, Home central bank permanently
changed the nominal money supply. Because of
the change, the real money supply would be 55 in
the short-run.
Answer the value of the nominal money supply in
the short-run and the expected exchange rate in
the long-run.
MS in short-run = ?
Ee in long-run = ?
Answer
Skip
Exit
II

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