Suppose the real interest rate is 3 the real growth rate is


Suppose the real interest rate is 3%, the real growth rate is 2%, the money multiplier is 4, banking innovations are decreasing the demand for money by 1% per year and the money supply is growing at 10% per year. What should be the price of a T-bill due to mature in one year at its face value of $1000?

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Business Economics: Suppose the real interest rate is 3 the real growth rate is
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