1.According to the classical quantity theory of money,
change in MSwill give rise to equi-proportionate change in nominal income.
想請問點解change in MS, if offset by velocity change in an opp. direction,may leave nominal income unchanged.唔可以？
請問Classical QTM中,有無assume有unemployment 存在?
2.The LM curve will get flatter EXCEPT
mt become a positive function of after-tax (disposable) income instead of national income.
請問點解唔得?
drop in public's cash-deposit ratoio點解會令mt flatter?
3.the multiplier effect of a change in autonomous expenditure on output in the IS-LM model will be equal to that in the EKM except
MD is perfectly income-elastic.
請問點解？
thanks~
