When the price level rises, the demand curve for money shifts leftward.

Name: When the price level rises, the demand curve for money shifts leftward.
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Question

Quizplus · Accepted Answer

When the price level rises, the demand for money typically increases because people need more money to handle their transactions for the same amount of goods and services, causing the demand curve for money to shift rightward, not leftward.

When the Price Level Rises, the Demand Curve for Money