The transactions demand for money varies __________ with nominal GDP, i.e. more money is held for transactions when GDP is higher..

Question

asked Mar 26, 2021 89.8k views

1 Answer

Zaheer Ansari · Answer 1 · 2021-03-31T03:06:32+0000

Answer:

varies directly

Step-by-step explanation:

The transactions demand for money varies varies directly with nominal GDP.

i.e. more money is held for transactions when GDP is higher.