macroeconomics series 2 money demand money supply and quantity theory of money by dr charles kwong school of arts and social sciences the open university of hong kong 1 lecture ...
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...Macroeconomics series money demand supply and quantity theory of by dr charles kwong school arts social sciences the open university hong kong lecture outline for determination interest rate in market y meaning factors affecting transaction precautionary asset as a function nominal income holding to use one must hold if people desire there is influences on depends price level real gdp financial innovation moneyis measured dollars demanded proportional increases will more buy same bundle goods example you spent cup tea toast before now need constant yreal equal divided measure what it yin above independent opportunity cost person could earn assets they instead higher causes lower...