Multiple Choice
Which of the following statements is not correct?
A) Given the supply of money, a decline in the demand for money will tend to reduce the equilibrium GDP.
B) Given the supply of money, the equilibrium interest rate will vary directly with the level of money GDP.
C) Given the demand for money, the equilibrium interest rate will vary inversely with the supply of money.
D) Given the supply of money, the equilibrium interest rate will vary directly with the demand for money.
Correct Answer:
Verified
Correct Answer:
Verified
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