The Money Demand Curve Slopes

Multiple Choice

The money demand curve slopes:

A) downward because the cost of holding money decreases as the interest rate decreases.
B) downward because the cost of holding money increases as the interest rate decreases.
C) upward because people demand more money as real GDP increases.
D) upward because people demand more money as real GDP decreases.
E) downward because people demand more money as the price level decreases.