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What evidence is used to assess the stability of the money demand function? A. The data on money supply (which in equilibrium equals money demand),
What evidence is used to assess the stability of the money demand function?
A.
The data on money supply (which in equilibrium equals money demand), output, and interest rates are used to estimate the money demand function.
B.
The data on money supply, money demand, and interest rates are used to estimate the money demand function.
C.
The stability of the money demand function is studied analytically.
D.
None of the above are correct.
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