Holding Nominal Money Balances Constant,a Decrease in the Price Level

question 36

Multiple Choice

Holding nominal money balances constant,a decrease in the price level

• A)causes the real value of the money balances to increase,in turn increasing the quantity of goods and services demanded.
• B)causes the real value of the money balances to decrease,in turn decreasing the quantity of goods and services demanded.
• C)causes the real value of the money balances to increase,thereby increasing the interest rate.
• D)generates a reduction in the value of the money balances,leading to higher interest rates and a decrease in the quantity of goods and services demanded.

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