Between 2008 and 2009, U

question 278

Multiple Choice

Between 2008 and 2009, U.S. real GDP decreased from $13.2 trillion to $12.9 trillion. As a result, the real demand for money ________ and the demand for money curve ________.

• A) decreased; shifted leftward
• B) did not change; did not shift
• C) increased; shifted leftward
• D) decreased; shifted rightward.

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Definitions:

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