When the Price Level Rises and Increases the Demand for Money,the

question 279

Multiple Choice

When the price level rises and increases the demand for money,the nominal interest rate ________ and the real interest rate ________.

• A)rises;rises
• B)rises;falls
• C)falls;rises
• D)falls;falls
• E)does not change;does not change

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Persuade

The act of convincing someone to do or believe something through reasoning or argument.

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The state of being alike or having attributes in common, often used to describe how objects, ideas, or individuals relate to each other.