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:

Friendly Way

A manner or approach that is kind, pleasant, and supportive when interacting with others.

Self-Fulfilling Prophecies

Situations in which a belief or expectation leads to its own fulfillment, due to the behavior of the person holding the belief or those around them.

Implicit Associations

Implicit associations are unconscious links between concepts or objects and attitudes or stereotypes, revealing hidden biases and preferences.

Primacy Effect

The tendency to remember information at the beginning of a list better than information that comes later.