An increase in financial innovations such as increased network of ATM machines and the widespread acceptance of debit cards
A) will shift the demand for money to the right.
B) will shift the demand for money to the left.
C) increases the quantity of money people want to hold at each interest rate.
D) decreases the quantity of money people want to hold at each interest rate.
Ans: B) will shift the demand for money to the left.
Economics
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When marginal revenue is zero for a monopolist facing a downward-sloping straight-line demand curve, the price elasticity of demand is:
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