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bedau bedau
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7 years ago
The difference between the Baumol-Tobin formulation of the demand for money and the Keynesian-Baumol formulation is that
A) the speculative demand is a function of income.
B) the transaction demand is a function of interest rates as well as income.
C) the transaction demand is a function of wealth.
D) Both B and C are correct.
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Macroeconomics

Macroeconomics


Edition: 12th
Author:
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thecromthecrom
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7 years ago
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