Corrections

  1. If Demand For Real Money Balances Equation
  2. If The Demand For Real Money Balances Does Not Depend On The Interest Rate
  3. If Demand For Real Money Balances Within

The demand for money is a demand for real cash balances because people hold money for the purpose of buying goods and services. The higher the price level, the more money balances a person has to hold in order to purchase a given quantity of goods. The demand for money is the desired holding of financial assets in the form of money, that is, cash or bank deposits. Real money balances is the real value of the amount of money held by a person, household or firm or the amount in circulation.

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Real Balances and the Demand for Money If Demand For Real Money Balances
Vol. 78, No. 6 (Nov. - Dec., 1970), pp. 1340-1354 (15 pages)

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Journal Information

If Demand For Real Money Balances Equation

Current issues are now on the Chicago Journals website. Read the latest issue.One of the oldest and most prestigious journals in economics, the Journal of Political Economy (JPE) presents significant and essential scholarship in economic theory and practice. The journal publishes highly selective and widely cited analytical, interpretive, and empirical studies in a number of areas, including monetary theory, fiscal policy, laboreconomics, development, microeconomic and macroeconomic theory, international tradeand finance, industrial organization, and social economics.

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Since its origins in 1890 as one of the three main divisions of the University of Chicago, The University of Chicago Press has embraced as its mission the obligation to disseminate scholarship of the highest standard and to publish serious works that promote education, foster public understanding, and enrich cultural life. Today, the Journals Division publishes more than 70 journals and hardcover serials, in a wide range of academic disciplines, including the social sciences, the humanities, education, the biological and medical sciences, and the physical sciences.

If The Demand For Real Money Balances Does Not Depend On The Interest Rate

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If Demand For Real Money Balances Within

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