Now consider the relationship between the price level and the quantity of money that people demand. The lower the price level, the _ money the typical transaction requires, and the _ money people will wish to hold in the form of currency or demand deposits.

Explanation: considering the relationship that exist between the price level and the quantity of money that people demand. The lower the price level, the less money the typical transaction requires, and the less money people will wish to hold in the form of currency or demand deposits.

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Now consider the relationship between the price level and the quantity of money that people demand. The lower the price level, the _________ money the typical transaction requires, and the _________ money people will wish to hold in the form of currency or demand deposits.

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Now consider the relationship between the price level and the quantity of money that people demand. The lower the price level, the _ money the typical transaction requires, and the _ money people will wish to hold in the form of currency or demand deposits.