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All else being equal, how would each of the following affect precautionary demand for money. Explain with the aid of correctly-labelled diagram. i. ii. In

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All else being equal, how would each of the following affect precautionary demand for money. Explain with the aid of correctly-labelled diagram. i. ii. In times of economic boom, people earn more income. A decrease in brokerage fee. Stocks are rewarded with higher return. (4 marks) (4 marks) (4 marks)

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