All of the following statements,except one,are correct.Which is the exception?
A) A decline in the demand for money will tend to reduce the equilibrium GDP.
B) The equilibrium interest rate varies directly with money demand.
C) The equilibrium interest rate varies inversely with money supply.
D) The equilibrium interest rate varies directly with the level of prices.
E) A decline in the supply of money tends to reduce equilibrium GDP.
Correct Answer:
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