Lower real income ________ the demand for money and a lower price level ________ the demand for money.
A)increases; increases
B)increases; decreases
C)increases; does not change
D)decreases; decreases

Name: Lower real income ________ the demand for money and a lower price level ________ the demand for money. A)increases; increases B)increases; decreases C)increases; does not change D)decreases; decreases
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Question

Quizplus · Accepted Answer

Real income and the price level are both positively related to money demand.

Lower Real Income ________ the Demand for Money and a Lower