A Rise in the Price Level Causes the Demand for Money

question 14

Multiple Choice

A rise in the price level causes the demand for money to ________ and the demand curve to shift to the ________.

• A) decrease; right
• B) decrease; left
• C) increase; right
• D) increase; left

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Definitions:

Esteem Needs

According to Abraham Maslow's hierarchy of needs, these are the fourth level of human needs, involving respect, self-esteem, status, recognition, and strength.

Affiliation Needs

A person's need to feel a sense of involvement and belonging within a social group.

Security Needs

A level in Maslow's hierarchy of needs, focusing on the desire for safety, stability, and protection from physical and emotional harm.

Affiliation Needs

The human desire to form and maintain interpersonal relationships, connections, and a sense of belonging.