Doubt

Posted by SoniaKapoor on Mar 06, 2014; 1:01pm
URL: http://discussion-forum.276.s1.nabble.com/Doubt-tp7585085.html

If the interest elasticity of money demand is –0.1, by what percent does money demand change if the nominal interest rate rises from 2% to 3%? (a) –0.1% (b) 5% (c) 0% (d) –5%