Liquidity preference refers to the theory of

The quantity of money demanded is the

A) income and volume of profits that people and businesses would like to receive. B) sum of checkable and savings deposits at banks. C) amount that people and businesses choose to hold. D) average daily volume of bank account withdrawals. E) fraction of cash holdings in an average investment portfolio.

When aggregate demand increases, there is a movement ________ along the AS curve and ________

A) up; an upward shift of the short-run Phillips curve B) down; a movement down along the short-run Phillips curve C) up; a movement up along the short-run Phillips curve D) up; a movement down along the short-run Phillips curve E) down; a downward shift of the short-run Phillips curve