Multiple Choice
When the money market is drawn with the value of money on the vertical axis,the money demand curve slopes
A) upward,because at higher prices people want to hold more money.
B) downward,because at higher prices people want to hold more money.
C) downward,because at higher price people want to hold less money.
D) upward,because at higher prices people want to hold less money.
Correct Answer:
Verified
Correct Answer:
Verified
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