The ________ the price level, the ________.
A) higher; greater the demand for money
B) higher; smaller the demand for money
C) lower; greater the demand for money
D) higher; greater the supply of money
E) higher; smaller the supply of money
Correct Answer:
Verified
Q47: When the price level increases, people demand
Q48: If the price level increases, the
A) demand
Q49: All else the same, when real GDP
Q50: If the price level falls, the
A) demand
Q51: If the price level rises, there is
A)
Q53: The demand for money increases and the
Q54: The demand for money is
A) positively related
Q55: An increase in the price level leads
Q56: The quantity of money demanded is proportional
Q57: If real GDP decreases, the
A) demand for
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