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Effects of economic parameters to the demand for money
What would be the effect of each of the following on the money demand, M1 (with other things held equal)?
a. An increase in real GDP
b. An increase in the price level
c. A rise in the interest rate on savings accounts and treasury securities.
d. A doubling of all prices, wages, and incomes (calculate the ecact effect on the money demand.)
e. An increase in the interest rate banks pay on checking accounts.
With a graphic for each answer. Please see attached documents for help.