Answer to Question #193805 in Finance for Nqobile Dhlamini

Question #193805

If national income increases from R150 billion to R200 billion, the money demand for transaction purpose will ______ and the demand curve for money will______.



  1. decrease; make a leftward shift
  2. increase; remain the same
  3. cannot be determined; remain the same
  4. increase; make a rightward shift
1
Expert's answer
2021-05-17T13:33:16-0400

4) increase; make a rightward shift


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