In the market for money,when the price level falls,the ________ curve for nominal money ________,and interest rates ________,everything else held constant.
A)demand;decreases;fall
B)demand;increases;rise
C)supply;increases;rise
D)supply;decreases;fall

Question

Quizplus · Accepted Answer

When the price level falls, the demand for nominal money decreases because people need less money for transactions. As a result, interest rates fall due to the lower demand for money.

In the Market for Money,when the Price Level Falls,the ________