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· Nominal money supply, M = 7650 Price level, P = 17 Tax = T = Government expenditure = G = 200 Here Y = Real income, r = Real rate of interest, L = Nominal money demand, P = Price

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Page 1: · Nominal money supply, M = 7650 Price level, P = 17 Tax = T = Government expenditure = G = 200 Here Y = Real income, r = Real rate of interest, L = Nominal money demand, P = Price

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Page 2: · Nominal money supply, M = 7650 Price level, P = 17 Tax = T = Government expenditure = G = 200 Here Y = Real income, r = Real rate of interest, L = Nominal money demand, P = Price

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Page 3: · Nominal money supply, M = 7650 Price level, P = 17 Tax = T = Government expenditure = G = 200 Here Y = Real income, r = Real rate of interest, L = Nominal money demand, P = Price

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Page 4: · Nominal money supply, M = 7650 Price level, P = 17 Tax = T = Government expenditure = G = 200 Here Y = Real income, r = Real rate of interest, L = Nominal money demand, P = Price

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Page 5: · Nominal money supply, M = 7650 Price level, P = 17 Tax = T = Government expenditure = G = 200 Here Y = Real income, r = Real rate of interest, L = Nominal money demand, P = Price

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Page 6: · Nominal money supply, M = 7650 Price level, P = 17 Tax = T = Government expenditure = G = 200 Here Y = Real income, r = Real rate of interest, L = Nominal money demand, P = Price

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