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Business, 17.01.2021 22:40 mercedes73

Which of the following statement is incorrect?

Select one:
a. If real GDP increases, the demand for money decreases
b. The demand for money changes
proportionally to the price level (%DMD =%DP)
c. The opportunity cost of holding
money is the interest rate forgone on alternative assets
d. The quantity of money demanded depends inversely on the nominal interest rate.

= If real GDP increases, the demand for money decreases

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Answers: 2

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You know the right answer?
Which of the following statement is incorrect?

Select one:
a. If real GDP increases...
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