The general demand function for real balances depends on the level of income and the:
A) real interest rate.
B) nominal interest rate.
C) rate of inflation.
D) price level.

Question

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The Answer of The general demand function for real balances depends on the level of income and the:
A) real interest rate.
B) nominal interest rate.
C) rate of inflation.
D) price level.

The General Demand Function for Real Balances Depends on the Level