The money demand curve will shift to the right when which of the following occurs?
A) an increase in income
B) a reduction in the interest rate
C) an increase in the money supply
D) all of the above
E) none of the above
A
Economics
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The effect of a change in price on the quantity bought while keeping the consumer on the same indifference curve, is called the
A) price effect. B) income effect. C) substitution effect. D) real effect.
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Which of the following does NOT involve transfers in kind?
A) public housing B) food stamps C) Medicare D) salaries of government employees
Economics