An increase in the opportunity cost of holding money creates a ________ the money demand curve and an increase in real GDP creates a ________ the money demand curve
A) leftward shift of; movement down along
B) rightward shift of; movement down along
C) movement up along; leftward shift of
D) movement up along; rightward shift of
D
Economics
You might also like to view...
When Tim earned $65,000 he purchased 10 novels a year. His income has just increased to $68,000 and he plans to purchase 15 novels this year. Tim's income elasticity of demand for novels equals
A) 0. B) 0.11. C) 1.67. D) 8.87.
Economics
When price elasticity is less than -1, consumer spending increases as price falls.
Answer the following statement true (T) or false (F)
Economics