Other Things Constant,an Increase in the Price Level Will

question 104

Multiple Choice

Other things constant,an increase in the price level will:

• A)shift the money demand curve to the right.
• B)shift the money demand curve to the left.
• C)increase the quantity of money people want to hold.
• D)decrease the quantity of money people want to hold.
• E)have no impact on the money demand curve.

---

Definitions:

Centimeter

A metric unit of length equal to one hundredth of a meter.

Degrees

A measure for angles or temperature; academically, a rank conferred by a college or university indicating the completion of a course of study.

-rrhage

A suffix in medical terminology indicating an excessive flow or discharge of fluid, often blood.

Burst Forth

To suddenly break out or emerge with force, often used metaphorically to describe the sudden appearance of something.