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money, GDP is the value of (real) gross domestic product, and R is the value of the nominal interest rate measured in percent per year. = - 0.06. m if GDP increases by 3%? The value of m is expected to by approximately %. (Round your response to the nearest integer) m if the interest rate increases from 1% to 9%? The value of m is expected to by approximately%. (Round your response to the nearest integer)

money, GDP is the value of (real) gross domestic product, and R is the value of the nominal interest rate measured in percent per year. = - 0.06. m if GDP increases by 3%? The value of m is expected to by approximately %. (Round your response to the nearest integer) m if the interest rate increases from 1% to 9%? The value of m is expected to by approximately%. (Round your response to the nearest integer)

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A standard "money demand" function used by macroeconomists has the form In(m) = Bo + B, In(GDP) + B2R, Where m is the quantity of (real) money, GDP is the value of (real) gross domestic product, and R is the value of the nominal interest rate measured in percent per year. Supposed that B, = 2.15 and B, = -0.06. %3D What is the expected change in m if GDP increases by 3%? The value of m is expected to V by approximately%. (Round your response to the nearest integer) What is the expected change in m if the interest rate increases from 1% to 9%? The value of m is expected to ▼ by approximately %. (Round your response to the nearest integer)
Transcribed Image Text:A standard "money demand" function used by macroeconomists has the form In(m) = Bo + B, In(GDP) + B2R, Where m is the quantity of (real) money, GDP is the value of (real) gross domestic product, and R is the value of the nominal interest rate measured in percent per year. Supposed that B, = 2.15 and B, = -0.06. %3D What is the expected change in m if GDP increases by 3%? The value of m is expected to V by approximately%. (Round your response to the nearest integer) What is the expected change in m if the interest rate increases from 1% to 9%? The value of m is expected to ▼ by approximately %. (Round your response to the nearest integer)
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