-In the Above Figure,suppose the Economy Is Initially on the Demand

question 564

Multiple Choice

-In the above figure,suppose the economy is initially on the demand for money curve MD₁.What is the effect of increased use of credit cards?

• A) The demand for money curve would shift rightward to MD₂.
• B) The demand for money curve would shift leftward to MD₀.
• C) There would be a movement upward along the demand for money curve MD₁.
• D) There would be a movement downward along the demand for money curve MD₁.

---

Definitions:

Greatest Good

A principle aimed at achieving the maximum positive impact or benefit for the greatest number of people.

Rules

Guidelines or instructions that dictate how something should be done or what is permissible.

Private Ethics

Moral principles and values held by an individual governing personal behavior that may not always align with public standards or expectations.

Business Morality

concerns the ethical principles that guide the behavior and operations of businesses and their decision-makers.