gervasio1542 gervasio1542
  • 22-05-2023
  • Business
contestada

If the interest elasticity of money demand is -0.1, by what percent does money demandchange if the nominal interest rate rises from 2% to 3%? (Please give the process of calculation)
A) -0.1%
B) 5%
C) 0%
D) -5%

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