When the Money Market Is Depicted in a Diagram with the Value

question 69

Multiple Choice

When the money market is depicted in a diagram with the value of money on the vertical axis, which of the following would shift money demand to the right?

• A)an increase in the price level
• B)a decrease in the price level
• C)a decrease in real GDP
• D)an increase in real GDP

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Definitions:

Full-time Work

Employment in which an individual works a minimum number of hours defined by their employer as full-time.

Social More

Unwritten rules or norms that are widely observed and are considered conducive to the welfare and continuity of a community.

Social Stigma

Refers to the disapproval of, or discrimination against, an individual or group based on perceivable social characteristics that serve to distinguish them from other members of a society.

Custom

Traditional and established practices or behaviors that are specific to a culture, society, or community.