1.1 assume that you are in charge of the central monetary authority

 

1.1 Assume that you are in charge of the central monetary authority in a mythical country. You are given the following historical data on the quantity of money and national income (both in million dollars)…….there are 4 problems in this chapter each has sub problems also. Here is the both questions and answers …….questions are in the image form of book’s page……..and  here is full solutions of these questions.