Economics · Macroeconomics
In the context of the transaction demand for money, the famous square-root rule was independently developed by which of the following economists?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Kydland and Prescott
- 2Milton Friedman
- 3Baumol and Tobin✓
- 4J.M. Keynes
Correct answer
Baumol and Tobin
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