Which one of the following would be unlikely to increase the typical household's demand for money balances that it uses to pay its bills?
A) Individual paydays change from once a month to once a week.
B) Individual paydays change from once a week to once a month.
C) The level of real national income rises.
D) The price level increases.
Correct Answer:
Verified
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Q47: A transactions demand for money exists, because:
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