The money market equilibrium is defined as________
...The money market equilibrium is defined as________
When the demand and supply of money are equal
When demand is greater than supply of money
When demand is less than supply of money
When supply is greater than demand for money
Correct answer is A
The money market is in equilibrium when the demand & supply of money are equal i.e L = μ
where L = money demand, μ = money supply
Thus μ = LT(γ) + Ls(r)
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