If the demand for money depends positively on real income and depends inversely on the nominal interest rate , what will happen to the price level today , if the central bank announces ( and people...

If the demand for money depends positively on real income and depends inversely on the nominal interest rate , what will happen to the price level today , if the central bank announces ( and people believe ) that it will decrease the money growth rate in the future , but it does not change the money supply today ?

Jun 09, 2022
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