The study looked at whether people are more sensitive to changes in interest rates when it comes to how much money they want. They used data from 1961 to 1985 and found that the demand for money is indeed more affected by interest rates now. This means that people are more likely to change how much money they want based on interest rates. The study also found that other factors like income and time trends didn't have as much of an impact on money demand. Overall, the results suggest that the demand for money has been influenced by temporary shocks in recent years.