A High Demand for Money (As in Japan) Would Result

question 268

Multiple Choice

A high demand for money (as in Japan) would result from:

• A) a decrease in nominal GDP and a high crime rate.
• B) a decrease in real GDP and a preference from businesses to accept only debit cards.
• C) a decrease in the price level.
• D) low crime rates and widespread lack of capacity to accept noncash payments.

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Definitions:

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