A Change in _____ Does NOT Shift the Money Demand

question 127

Multiple Choice

A change in _____ does NOT shift the money demand curve.

• A) the interest rate
• B) the price level
• C) banking technology
• D) real GDP

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Definitions:

Market Demand

The total amount of a product or service that consumers in a market are willing and able to purchase at a given price level in a given time period.

Consumer Surplus

The difference between the maximum price consumers are willing to pay for a good or service and the price they actually pay.

Consumer Surplus

The contrast between the fee consumers are inclined to pay for a good or service and the fee they ultimately pay.

Public Policy

Public policy is a system of laws, regulatory measures, courses of action, and funding priorities concerning given topics, enacted and enforced by governmental entities.