Refer to the diagram of the market for money. Other things equal, the money demand curve in the diagram would shift leftward if

Name: Refer to the diagram of the market for money. Other things equal, the money demand curve in the diagram would shift leftward if
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According to the diagram, a decrease in nominal GDP would lead to a leftward shift in the money demand curve. This is because as the economy produces less output, the demand for money to facilitate transactions decreases.

Refer to the Diagram of the Market for Money