Derieve the demand for bonds.
Md=$Y(.35-i)
Person's wealth is $50,000
Yearly Income is $60,000
They didn't give what the interest rate is. Would the equation then be Md=21000-60000i?
Md=$Y(.35-i)
Person's wealth is $50,000
Yearly Income is $60,000
They didn't give what the interest rate is. Would the equation then be Md=21000-60000i?