An increase in the aggregate price level _____ the demand for money.
A) increases
B) decreases
C) does not affect
D) left-shifts

Name: An increase in the aggregate price level _____ the demand for money. A) increases B) decreases C) does not affect D) left-shifts
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Question

Quizplus · Accepted Answer

An increase in the aggregate price level increases the demand for money because people need more money to buy the same amount of goods and services when prices are higher.

An Increase in the Aggregate Price Level _____ the Demand