An increase in price will cause the money demand curve to shift to _____ and the...

An increase in price will cause the money demand curve to shift to _____ and the nominal interest rate to_______

Expert Solution

Ans) Increase in price level increases demand for money and decrease in price level decreases demand for money.

An increase in price will cause the money demand curve to shift to right and the nominal interest rate to increase.

Rahul Sunny answered 2 years ago

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