Which of the following statements is correct?

Multiple Choice

• A fall in real GDP will shift both the transactions demand and the total money demand curve to the right.
• An increase in prices will shift the transactions demand curve for money to the right but leave the total money demand curve unchanged.
• A decrease in prices will shift both the transactions demand and the total money demand curves to the left.
• A fall in the rate of interest will shift both the asset demand and the total demand curves to the right.
• A decline in real GDP will shift the transactions demand curve to the left but leave the total money demand curve unchanged.