A Rise in Real Income Will Have Which of the Following

question 74

Multiple Choice

A rise in real income will have which of the following effects on money demand?

• A) The money demand curve will shift out.
• B) The money demand curve will not shift at all.
• C) The money demand curve will shift in.
• D) Real income has no effect on money demand.

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Definitions:

Efficiency

The ability to accomplish a job with a minimum expenditure of time and resources.

Equity

Fairness or justice in the way people are treated, including in the context of investments or distribution of resources.

Voice

The ability of employees to express opinions, concerns, and suggestions about their work environment and conditions.

Occupy Wall Street

A protest movement that began in 2011, focusing on inequality, greed, and the perceived undue influence of corporations on government.