Question
In the market for real money balances, if the money supply is held constant, then an increase in the nominal interest rate will ______ the
In the market for real money balances, if the money supply is held constant, then an increase in the nominal interest rate will ______ the demand for money and ______ the price level.
A. increase; increase
B. increase; decrease
C. decrease; increase
D.decrease; decrease
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Microeconomics
Authors: Roger A Arnold
13th Edition
1337617407, 9781337617406
