Select an answer which correctly completes the following statements. rightward s

Question

Select an answer which correctly completes the following statements. rightward shift of leftward shift of movement along A decrease in real GDP causes al Select answer the money demand curve. 2. An increase in technology which makes it easier to pay for goods and services without carrying lots of cash causes al select answer the money demand curve. 3. A decrease in interest rates causes a Select answer the money demand curve. 4. An increase in the aggregate price level causes a Select answer the money demand curve.

Explanation / Answer

a) A decrease in REAL GDP causes a leftward shift in the demand curve. Rightward shift would indicate an increase in the GDP. Movements along the demand curve are caused due to price changes.

b) The demand for money will be the same. It would be in our banks not in our pockets, that

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.