Suppose That We Are at a Point on the Money

question 100

Multiple Choice

Suppose that we are at a point on the money demand schedule where (M/P) = 500.At a constant interest rate,the quantity of money demanded increases when real income ________ so that ________.

• A)rises,the money demand schedule shifts to the right
• B)rises,the money demand schedule shifts to the left
• C)rises,we move downward along the money demand schedule
• D)falls,the money demand schedule shifts to the left
• E)falls,we move upward along the money demand schedule

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