The demand for money curve is drawn
A) holding several things constant, including the price level and interest rates.
B) with interest rates on the vertical axis and the curve sloping down since lower interest rates mean the "price" of holding money has fallen.
C) holding several things constant, including GDP and interest rates.
D) with interest rates on the horizontal axis, and the curve sloping up since the "price" of holding money varies directly with the interest rate.
B
You might also like to view...
Both monopolies and monopolistically competitive firms set marginal revenue equal to marginal cost to maximize profit. Given the same cost curves, would you expect prices to be higher in a monopoly or a monopolistically competitive market?
What will be an ideal response?
The average revenue curve can also be described as the demand curve
a. True b. False Indicate whether the statement is true or false