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What happens to real money demand (rise, fall, or no change) due to a change in each of the following factors? (a) A tax on
What happens to real money demand (rise, fall, or no change) due to a change in each of the following factors? (a) A tax on stock market transactions is introduced. (b) Computerized bond trading reduces transaction costs. (c) People's average level of wealth rises. (d) The threat of a recession increases the riskiness of stocks and bonds. (e) The interest rate paid on checking account balances declines. (f) The price level falls in a one-time jump.
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