Multiple Choice
The demand for money varies
A) directly with both the price level and the level of real GDP.
B) inversely with both the price level and the level of real GDP.
C) inversely with the price level and directly with the level of real GDP.
D) directly with the price level and inversely with the level of real GDP.
E) inversely with the level of nominal GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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