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Consider the Following Sequence of Events: Price Level $\uparrow \Rightarrow$ Demand for Money

question 243

question 243

Multiple Choice

Consider the following sequence of events: price level $\uparrow \Rightarrow$ demand for money $\uparrow \Rightarrow$ equilibrium interest rate $\uparrow$
$\Rightarrow$ quantity of goods and services demanded $\darr$

This sequence explains why the

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