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1.Compare and explain the economies of scale in the transactions demand for money (Md) in the Baumol/Tobin Model and Quantity Theory of Money (QTM)? 2.

1.Compare and explain the economies of scale in the transactions demand for money (Md) in the Baumol/Tobin Model and Quantity Theory of Money (QTM)?

2. How would the transactions demand for money change (in the Baumol/Tobin Model) if salaries are paid yearly (once a year) rather than monthly?

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