Answer Happy

Posted: **Thu May 26, 2022 7:46 am**

: Long Run 4 Higher Transaction Costs Increase The Demand For Money According To The Baumol Tobin Model 5 If The Dema 1 (190.54 KiB) Viewed 64 times

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 expansionary mone- tary policy will be effective in raising GDP according to the IS-LM model.