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9. Which of the following explains why the demand for money is proportional to PY where P is the price level and Y is the

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9. Which of the following explains why the demand for money is proportional to PY where P is the price level and Y is the GDP? Check all that apply. a. Money is a store of value. b. Holding money has an opportunity cost. c. Money is a medium of exchange. d. Demand for money rises with the volume of transactions

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