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The nature and form of the demand for money function is at the heart of a great deal of the controversy over the role of
The nature and form of the demand for money function is at the heart of a great deal of the controversy over the role of money in determining economic activity and the ability of monetary policy to effectively pursue goals of economic stabilization." Briefly discuss this statement, making sure to indicate the major factors that may cause the money demand function to be stable or unstable.
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