A Reduction in the Demand for Money Is the Equivalent

question 20

Multiple Choice

A reduction in the demand for money is the equivalent of a(n) _______ in velocity and will shift the aggregate demand curve to the _____.

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

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Definitions:

Conjugate Acid

A species formed by the reception of a proton (H⁺) by a base, in the context of Bronsted-Lowry acid-base theory.

Ethanamine

An organic chemical compound, also known as ethylamine, with the formula CH3CH2NH2, classified as a primary amine.

Conjugate Base

The species that remains after an acid has donated a proton, often able to react by accepting a proton.

pKa Values

A quantitative measure that indicates the strength of an acid; it's the logarithmic constant of a compound's dissociation in water.