The Money Demand Curve Slopes

question 60

Multiple Choice

The money demand curve slopes

• A)downward because the cost of holding money decreases as the interest rate decreases
• B)downward because the cost of holding money increases as the interest rate decreases
• C)upward because people demand more money as GDP increases
• D)upward because people demand more money as GDP decreases
• E)downward because people demand more money as the price level increases

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