An Increase in the Demand for Money Would Result from A(n)

question 201

Multiple Choice

An increase in the demand for money would result from a(n) :

• A) decrease in nominal GDP.
• B) decrease in real GDP.
• C) decrease in the price level.
• D) increase in the price level.

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Definitions:

Chronologically

In order of time, from the earliest to the latest.

Unearned Revenues

Money received by a company for services or goods yet to be provided or delivered, recorded as a liability.

Revenues

Inflows of assets or settlements of liabilities from the company's primary operations, typically from sales of goods or services.

Debits

Accounting entries that increase assets or expenses or decrease liabilities, equity, and revenue.