As the Canadian economy begins to recover from the COVID-19 pandemic, many economists expect both the aggregate real income and price level in the country to rise later this year. If the interest rate and the propensity to hold money remain unchanged, the demand for money in Canada

a. will decline if the increase in the price level is greater than the increase in the aggregate real income.

b. may rise or decline depending on the rate of interest prevailing in the economy.

c. will remain unchanged.

d. will decline.

e. will rise.