A 10% decrease in real income usually leads to _____ in money demand.
(a) an increase
(b) no change
(c) a decrease of less than 10%
(d) a decrease of 10%
Answer: C
A 10% decrease in real income usually leads to _____ in money demand.
(a) an increase
(b) no change
(c) a decrease of less than 10%
(d) a decrease of 10%
Answer: C
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