-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 MD?. What is the effect of an increase in financial innovation such as the introduction of ATMs?

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