how to calculate the equilibrium price..... Figure 30-3. On the graph, MS represents the money supply and MD represents money demand. The usualquantities are measured along the axes.0.5✓0.33MS₁3.06.0c. 9.0@1.5MS₂210,000 15,000Vertical Axis:MDvalue of money39. Refer to Figure 30-3. Suppose the relevant money-supply curve as the one labeled MS; also suppose theeconomy's real GDP is 30,000 for the year. If the money market is in equilibrium, then the velocity of money isapproximately2x30000-=6.10000V= P x YM

The money market is a market for financial assets. It includes interest rate and money supply…

39. Refer to Figure 30-3. Suppose the relevant money-supply curve is the one labeled MS; also suppose the economy's real GDP is 30,000 for the year. If the money market is in equilibrium, then the velocity of money is approximately 2x30000 -=6. 10000 V= P x Y M , 3.0 6.0 c. 9.0 @1.5

39. Refer to Figure 30-3. Suppose the relevant money-supply curve is the one labeled MS; also suppose the economy's real GDP is 30,000 for the year. If the money market is in equilibrium, then the velocity of money is approximately 2x30000 -=6. 10000 V= P x Y M , 3.0 6.0 c. 9.0 @1.5

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

how to calculate the equilibrium price.....

Figure 30-3. On the graph, MS represents the money supply and MD represents money demand. The usual
quantities are measured along the axes.
0.5
✓
0.33
MS₁
3.0
6.0
c. 9.0
@1.5
MS₂
2
10,000 15,000
Vertical Axis:
MD
value of money
39. Refer to Figure 30-3. Suppose the relevant money-supply curve as the one labeled MS; also suppose the
economy's real GDP is 30,000 for the year. If the money market is in equilibrium, then the velocity of money is
approximately
2x30000
-=6.
10000
V= P x Y
M

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