Research by laurence ball showed that

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Research by Laurence Ball showed that

a. the coefficients of money demand were smaller by half than what previous researchers had found.

b. nominal interest rates fell with an increase in money demand.

c. increase in money supply can accelerate inflation.

d. earlier researchers had estimated the money-demand function very precisely and their results held up when additional data was available.

Reference no: EM131582245

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