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Respond to the following in a minimum of 175 words: Compare and contrast the transaction demand and asset demand for money. What is the relationship

Respond to the following in a minimum of 175 words:

Compare and contrast the transaction demand and asset demand for money.

  • What is the relationship between interest rate, aggregate income, and price level?
  • Provide 2 specific examples of transaction demand for money.
  • Provide 2 specific examples of asset demand for money.

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