The slope of money demand curve illustrates the idea that there is
a) a positive relationship b/w the interest rate and the quantity of money demanded
b) a positive relationship b/w the price level and the quantity of money demanded
c) a negative relationship b/w the interest rate and the quantity of money demanded
d) a negative relationship b/w the value of transactions and the quantity of money demanded
e) none of the above
Answer: c) a negative relationship b/w the interest rate and the quantity of money demanded
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