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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______.
- decrease; make a leftward shift
- increase; remain the same
- cannot be determined; remain the same
- increase; make a rightward shift
Expert's answer
4) increase; make a rightward shift
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