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1. Which one of the following events causes an increase in the demand for money in an economy? r' a A decline in the propensity

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1. Which one of the following events causes an increase in the demand for money in an economy? r' a A decline in the propensity to hold money, given the interest rate, the price . level. and the real GDP. p bAn increase in the interest rate, given the price level, the real GDP, and - propensity to hold money. r' c An increase in the price level, given the real GDP, the propensity to hold

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