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Consider supply and demand in the money market. If income increases, what happens to the nominal interest rate and the quantity of money? A. nominal

Consider supply and demand in the money market. If income increases, what happens to the nominal interest rate and the quantity of money?

A. nominal interest rate increases, quantity of money remains the same

B. nominal interest rate increases, quantity of money decreases

C. nominal interest rate decreases, quantity of money increases

D. nominal interest rate increases, quantity of money increases

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