Explain why people want to hold money up to the point where extra convenience services are equal

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Explain why people want to hold money up to the point where extra convenience services are equal to the nominal interest rate. How can this observation help us understand the net social loss to society of inflation?

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Question Posted: Dec 09, 2015 03:17 AM

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Explain why people want to hold money up to the point where extra convenience services are equal

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Each dollar gives certain advantages such as purchasing conveni...View the full answer

Macroeconomics

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