Suppose the money demand function is
MD = P× [(0.25 ×Y) ? (100 ×i)],where Y is expressed in billions of dollars and i is expressed in percentage points. The term [(0.25 ×Y) ? (100 ×i)] is called
A. the nominal money-demand function.
B. the nominal money-supply function.
C. the real money-supply function.
D. the real money-demand function.
Answer: D
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