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Refer to the Market for Money Diagram Below

Question 45

Multiple Choice

Refer to the market for money diagram below.The downward slope of the money demand curve Dm can best be explained in terms of the: Refer to the market for money diagram below.The downward slope of the money demand curve D<sub>m</sub> can best be explained in terms of the: A) transactions demand for money. B) direct or positive relationship between bond prices and interest rates. C) asset demand for money. D) wealth or real-balances effect.


A) transactions demand for money.
B) direct or positive relationship between bond prices and interest rates.
C) asset demand for money.
D) wealth or real-balances effect.

Correct Answer:

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