Which of the following would cause the money demand curve to shift to the left?
A) An increase in interest rates
B) Inflation
C) A technological advance
D) An increase in GDP

Name: Which of the following would cause the money demand curve to shift to the left? A) An increase in interest rates B) Inflation C) A technological advance D) An increase in GDP
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Question

Quizplus · Accepted Answer

A technological advance can make transactions more efficient, reducing the need to hold money, thus shifting the money demand curve to the left.

Which of the Following Would Cause the Money Demand Curve