Suppose, the Aggregate Demand for Money-Holding Is L = KY

Suppose, the aggregate demand for money-holding is L = kY - hi, where Y is the real GDP, k is the real balance fraction, i is the interest rate and h is the extent by which interest rate affects money demand. We can conclude:

A) as the interest coefficient (h) increases, the money demand curve becomes steeper.
B) as the real cash balance fraction (k) increases, the money demand curve becomes steeper.
C) as Y increases, the money demand curve becomes steeper.
D) none of the above.