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johnpaul92 johnpaul92
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8 years ago
Over time, the wealth of society increases and payments technologies get more efficient. What is the effect on money demand of these two changes?
A) Money demand rises proportionately to the rise in wealth.
B) The overall effect is ambiguous.
C) Money demand declines.
D) Money demand rises, but less than proportionately to the rise in wealth.
Textbook 
Macroeconomics

Macroeconomics


Edition: 8th
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supamansupaman
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8 years ago
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johnpaul92 Author
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#2
8 years ago
This answers my question, thank you so much
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#3
8 years ago
Glad to be part of your success Wink Face
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