Question

When the price level ________, the demand curve for money shifts to the ________ and the interest rate ________, everything else held constant.

A) falls; left; falls
B) rises; right; falls
C) falls; left; rises
D) rises; right; rises

Answer 1

D. rises; right; rises

Step-by-step explanation:

When the price level rises, the demand curve for money shifts to the right and the interest rate rises, everything else held constant