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In the Baumol-Tobin theory of money demand 0 the elasticity of money demand with respect to transactions is exactly equal to one. 0 the elasticity
In the Baumol-Tobin theory of money demand 0 the elasticity of money demand with respect to transactions is exactly equal to one. 0 the elasticity of money demand with respect to transactions is greater than one. 0 the elasticity of money demand with respect to transactions is less than one. O we are unable to determine the elasticity of money demand without further information
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