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Tobin's model of the speculative demand for money improves on Keynes's analysis by showing that
Negative Correlation
A statistical relationship between two variables such that as one variable increases, the other decreases.
Psychological Disorder
Deviant, distressful, and dysfunctional patterns of thoughts, feelings, and actions.
Degree of Wealth
A measure of the amount of financial assets or resources that an individual, family, or organization possesses.
Random Sequences
A series of numbers or symbols in which each element is generated without any predictable pattern or correlation with the other elements.
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