svevig2248 svevig2248

03-01-2020
Business

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The transactions demand for money varies __________ with nominal GDP, i.e. more money is held for transactions when GDP is higher..

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Karabo99 Karabo99

04-01-2020

Answer:

varies directly

Explanation:

The transactions demand for money varies varies directly with nominal GDP.

i.e. more money is held for transactions when GDP is higher.

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