Compare and contrast the transaction demand and asset demand for money. What is the relationship between interest rate, aggregate income, and price level? Provide 2 specific examples of transaction demand for money. Provide 2 specific examples of asset demand for money.

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A: The two-component of demand for money: 1. Transactional demand 2. Asset demand

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Q: Answer to 2 decimal digits

A:

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A: Approach to solving the question: Detailed explanation: Examples: Key references: