Multiple Choice
Which of the following is true?
A) The demand for real balances increases more than proportionately with real income.
B) The demand for real balances increases less than proportionately with real income.
C) The demand for real balances decreases as real income increases.
D) The demand for real balances is unaffected by changes in real income.
Correct Answer:
Verified
Correct Answer:
Verified
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