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Category > Economics Posted 22 Jun 2017 My Price 3.00

Calculate the amount of seignorage for each annual rate of money growth

Assume that money demand takes the form

where Y = 1,000 and r = 0.1.

a. Assume that, in the short run, πe is constant and equal to 25%. Calculate the amount of seignorage for each annual rate of money growth, M>M, listed below.

b. In the medium run, πe = π = ∆M/M. Compute the amount of seignorage associated with the three rates of annual money growth in part (a). Explain why the answers differ from those in part (a).

 

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Alpha Geek
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Status NEW Posted 22 Jun 2017 11:06 AM My Price 3.00

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file 1498130344-Answer.docx preview (69 words )
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