Multiple Choice
Between 1992 and 2002,Mr.Junius Morgan's real income increased from $100,000 to $200,000.All else being equal,his real demand for money probably
A) decreased.
B) increased,but by less than the increase in real income.
C) increased proportionately to the increase in real income.
D) increased by more than the increase in real income.
Correct Answer:
Verified
Correct Answer:
Verified
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