Multiple Choice
-Which of the phrases below best describes Figure ?
A) The demand for real money balances has increased and the interest rate has increased.
B) The demand for real money balances has decreased and the interest rate has increased.
C) The supply of real money balances has decreased and the interest rate has increased.
D) The demand for real money balances has decreased and the interest rate has decreased.
Correct Answer:
Verified
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