Explain the significance of the Baumol-Tobin analysis of the transactions demand for money.

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Question Posted: Dec 09, 2015 03:21 AM

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Explain the significance of the Baumol-Tobin analysis of the transactions demand for money.

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Baumol and Tobin showed that the interest sensitivity of the d...View the full answer

Macroeconomics

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