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15. identity and discuss various types of demand for money. 16 identify and explain the role...

15. identity and discuss various types of demand for money.

16 identify and explain the role of various types of economic indicators in the economic analysis

19 briefly discuss welfare gains from international trade in term of consumer and producer surpluses.illustrate your answer using graph

20 identify and discuss the four general categories of arguments against trade

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Answer #1

First question is answered below

15.

There are three major types of demand for money:

Transactions demand: This is the demand for money for undertaking transactions since they involve money in exchange

Speculative demand: This is the demand for money which arises when people find it better to hold money than lend it or invest it somewhere else as holding money is less risky

Precautionary demand: In order to keep oneself prepared for uncertain future, one holds money for precautionary purposes like emergency medical purposes

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