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-In the Above Figure,suppose the Economy Is Initially on the Demand

Question 361

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-In the above figure,suppose the economy is initially on the demand for money curve MD₁.What is the effect of increased use of credit cards? A) The demand for money curve would shift rightward to MD₂. B) The demand for money curve would shift leftward to MD₀. C) There would be a movement upward along the demand for money curve MD₁. D) There would be a movement downward along the demand for money curve MD₁.
-In the above figure,suppose the economy is initially on the demand for money curve MD₁.What is the effect of increased use of credit cards?


A) The demand for money curve would shift rightward to MD₂.
B) The demand for money curve would shift leftward to MD₀.
C) There would be a movement upward along the demand for money curve MD₁.
D) There would be a movement downward along the demand for money curve MD₁.

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