The money demand curve has a a. negative slope because an increase in the interest rate decreases the quantity of money demanded. b. positive slope because an increase in the interest rate increases the quantity of money demanded. c. negative slope because an increase in the price level decreases the quantity of money demanded. d. positive slope because an increase in the price level increases the quantity of money demanded.
The money demand curve has a a. negative slope because an increase in the interest rate decreases the quantity of money demanded. b. positive slope because an increase in the interest rate increases the quantity of money demanded. c. negative slope because an increase in the price level decreases the quantity of money demanded. d. positive slope because an increase in the price level increases the quantity of money demanded.
Chapter15: Monetary Theory And Policy
Section: Chapter Questions
Problem 2.5P
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