Multiple Choice
Choose the correct statement.
A) The quantity of money measured in dollars is nominal money.
B) The quantity of money measured in constant dollars is nominal money.
C) The quantity of nominal money demanded is inversely related to the price level.
D) As the interest rate rises, the quantity of real money demanded increases.
E) As real GDP increases, the quantity of nominal money demanded decreases.
Correct Answer:
Verified
Correct Answer:
Verified
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