The Total Demand for Money Curve Will Shift to the Right

question 155

Multiple Choice

The total demand for money curve will shift to the right as a result of

• A) an increase in nominal GDP.
• B) an increase in the interest rate.
• C) a decline in the interest rate.
• D) a decline in nominal GDP.

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Definitions:

High Agreeableness

A personality trait characterized by kindness, empathy, and a cooperative spirit.

High Neuroticism

A personality trait characterized by emotional instability, anxiety, moodiness, irritability, and sadness.

External Locus

An individual’s belief that their life events and outcomes are largely beyond their control and depend on external factors or forces.

Neuroticism

A personality trait characterized by anxiety, fear, moodiness, worry, envy, frustration, jealousy, and loneliness.