Are there significant costs in adjusting actual to desired money balances or in changing balances between periods?

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Are there significant costs in adjusting actual to desired money balances or in changing balances between periods? Or are any such costs relatively insignificant but the delay in the adjustment of actual to desired balances occurs as a consequence of the costs of adjusting commodities and other financial assets to their desired levels? Discuss.

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Monetary Economics

ISBN: 9780415772099

2nd Edition

Authors: Jagdish Handa

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