Most empirical studies of money demand find that:
A) the income elasticity of money demand is greater than one-half,and the interest elasticity of money demand is less than one-half.
B) the income elasticity of money demand is less than one-half,and the interest elasticity of money demand is greater than one-half.
C) both the income elasticity of money demand and the interest elasticity of money demand are less than one-half.
D) both the income elasticity of money demand and the interest elasticity of money demand are greater than one-half.
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