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 GDP increases
D) upward because people demand more money as GDP decreases
E) downward because people demand more money as the price level increases
Correct Answer:
Verified
Correct Answer:
Verified
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