tion in both the short run and the long run. 4. Higher transaction costs increase the demand for money according to the
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tion in both the short run and the long run. 4. Higher transaction costs increase the demand for money according to the
tion in both the short run and the long run. 4. Higher transaction costs increase the demand for money according to the Baumol- Tobin model. 5 If the demand for money is perfectly interest elastic then expansionany mone