Which of the Following Events Would Shift Money Demand to the Left

question 147

Multiple Choice

Which of the following events would shift money demand to the left?

• A)an increase in the interest rate or an increase in the price level
• B)an increase in the interest rate,but not an increase in the price level
• C)an increase in the price level,but not an increase in the interest rate
• D)neither an increase in the interest rate nor an increase in the price level

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Definitions:

Antisocial

A behavior pattern characterized by a disregard for and violation of the rights of others, including a lack of empathy and a tendency towards aggressive or deceitful behavior.

Obsessive-Compulsive

Relating to a disorder characterized by recurrent, unwanted thoughts (obsessions) and/or repetitive behaviors (compulsions).

Narcissus

In mythology, a figure known for his beauty and extreme self-love, leading to the term narcissism which describes self-centeredness or egoism.

Greek Mythology

A body of myths and teachings that belong to the ancient Greeks, concerning their gods and heroes, the nature of the world, and the origins and significance of their own cult and ritual practices.