The total demand for money curve will shift to the right as a result of Multiple Choice a decline in nominal GDP. a decline in the interest rate. an increase in nominal GDP. an increase in the interest rate.

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03-12-2021
Business

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The total demand for money curve will shift to the right as a result of Multiple Choice a decline in nominal GDP. a decline in the interest rate. an increase in nominal GDP. an increase in the interest rate.

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ewomazinoade ewomazinoade · Answer 1 · 2021-12-14T07:37:47-05:00

The total demand for money curve will shift to the right as a result of an increase in nominal GDP.

A shift of the money demand curve to the right indicates an increase in the demand for money. A change in interest rate leads to a movement along the money demand curve.

A shift of the money demand curve is as a result of changes in the nominal GDP. Increases in nominal GDP leads to an increase in money demand. A decrease in nominal GDP leads to a decrease in money demand.

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