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Question
The downward slope of the demand for money curve reflects the fact that
A) people hold more of their wealth in the form of money as the price level rises.
B) people hold more of their wealth in the form of money as the price level falls.
C) people hold more of their wealth in the form of money as the interest rate rises.
D) people hold more of their wealth in the form of money as the interest rate falls.
Answer
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