-In the Above Figure, Suppose the Economy Is Initially on the Demand

Multiple Choice

-In the above figure, suppose the economy is initially on the demand for money curve MD₁. What is the effect of increased use of credit cards?

A) There would be a movement upward along the demand for money curve MD₁.
B) The demand for money curve would shift leftward to MD₀.
C) The demand for money curve would shift rightward to MD₂.
D) There would be a movement downward along the demand for money curve MD₁.