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Question: first drop down menu options 1 bonds 2 money second...

Question details

The figure on the right shows the demand for money for a given level of nominal income SY According to the figure, a decrease in the interest rate procuces an increase in the amount of Suppose that an increase occurs in the level of nominal income SY 1.) Using the 3-point curve drawing tool, show the impact on the demanc for money in the accompanying graph. Label your line that people wish to hod. Ma Carefuliy follow the instructions above and only draw the required object. According to your graph, people now want to hold more money at any given nP Money, M

First drop down menu options

1. bonds

2. money

Second drop down menu options

1. nominal income

2. interest rate

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