The figure given below shows the interest rate on the vertical axis and the quantity of money on the horizontal axis.In this figure,a decrease in nominal GDP with no change in the price level will cause a movement from: Figure 15.1

A)point B to point A.
B)point A to point B.
C)DM to DM'.
D)DM to DM*.
E)point E to point F.

Question

​The figure given below shows the interest rate on the vertical axis and the quantity of money on the horizontal axis.In this figure,a decrease in nominal GDP with no change in the price level will cause a movement from: Figure 15.1
 ​
A)point B to point A. 
B)point A to point B. 
C)DM to DM'. 
D)DM to DM*. 
E)point E to point F.

Quizplus · Accepted Answer

The Answer of ​The figure given below shows the interest rate on the vertical axis and the quantity of money on the horizontal axis.In this figure,a decrease in nominal GDP with no change in the price level will cause a movement from: Figure 15.1
 ​
A)point B to point A. 
B)point A to point B. 
C)DM to DM'. 
D)DM to DM*. 
E)point E to point F.

​The Figure Given Below Shows the Interest Rate on the Vertical

The Figure Given Below Shows the Interest Rate on the Vertical