Ceteris Paribus, When Real Income Decreases, Which of the Following

question 57

Multiple Choice

Ceteris paribus, when real income decreases, which of the following happens?

• A)The demand curve for money shifts to the right.
• B)The demand curve for money shifts to the left.
• C)There is a movement downward on the demand curve for money.
• D)There is a movement upward on the demand curve for money.

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