Which of the following statements best completes the sentence, "All other factors constant, as the nominal interest rate increases, the opportunity cost of money...."?
A) Decreases, the velocity of money decreases, and the quantity of money people want to hold decreases
B) Increases, the velocity of money decreases, and the quantity of money people want to hold decreases
C) Decreases, the velocity of money increases, and the quantity of money people want to hold decreases
D) Increases, the velocity of money increases, and the quantity of money people want to hold decreases
Correct Answer:
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