3. Monetarists emphasize that households and business firms demand money because, like other goods, it yields a

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3. Monetarists emphasize that households and business firms demand money because, like other goods, it yields a stream of services. People demand money by refraining from the purchase of goods. The demand for money is a function of

(a) the price level, (b)

income,

(c) the price of closely related financial assets,

(d) the expected rate of inflation, and

(e) institutional factors.

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Economics Private And Public Choice

ISBN: 9780123110404

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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Question Posted: Oct 25, 2024 07:01 AM

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3. Monetarists emphasize that households and business firms demand money because, like other goods, it yields a

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Economics Private And Public Choice

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