According to the Theory of Liquidity Preference,if the Interest Rate

question 81

Multiple Choice

According to the theory of liquidity preference,if the interest rate rises

• A)people want to hold more money.This response is shown by moving to the right along the money demand curve.
• B)people want to hold more money.This response is shown by shifting the money demand curve right.
• C)people want to hold less money.This response is shown by moving to the left along the money demand curve.
• D)people want to hold less money.This response is shown by shifting the money demand curve left.

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Definitions:

Altar of Zeus

An ancient monument that once stood in Pergamon, an ancient Greek city, known for its frieze depicting the Gigantomachy from Greek mythology.

Mythological Disguise

The practice of representing individuals in art or literature as mythological figures or deities, often to communicate underlying messages or themes.

King Attalos I

A ruler of Pergamon in the 3rd century BC who bequeathed his kingdom to Rome, contributing to the spread of Hellenistic culture.

Vergina Tomb Painting

Ancient frescoes found in the royal tombs of Vergina in Macedonia, notable for their depiction of classical Greek themes and exceptional preservation.