Baumol and Tobin discussed how interest rates are inversely related to the transactions demand for money.

Name: Baumol and Tobin discussed how interest rates are inversely related to the transactions demand for money.
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Baumol and Tobin's models suggest that as interest rates increase, the opportunity cost of holding money increases, leading individuals and firms to reduce their transactions demand for money, preferring instead to invest in interest-bearing assets.

Baumol and Tobin Discussed How Interest Rates Are Inversely Related