The Aggregate Real Money Demand Schedule L(R,Y)

The aggregate real money demand schedule L(R,Y)

A) slopes upward because a fall in the interest rate raises the desired real money holdings of each household and firm in the economy.
B) slopes downward because a fall in the interest rate reduces the desired real money holdings of each household and firm in the economy.
C) has a zero slope because a fall in the interest rate keeps constant the desired real money holdings of each household and firm in the economy.
D) slopes downward because a fall in the interest rate raises the desired real money holdings of each household and firm in the economy.
E) slopes downward because a rise in the interest rate makes consumers less focused on the liquidity of their assets.