An increase in total production (real GDP) causes the demand for money to ______and the…

Economics JAMB 2023

An increase in total production (real GDP) causes the demand for money to ______and the interest rate to _________

  • Increase; decrease
  • Decrease; decrease
  • Increase; increase checkmark
  • Decrease; increase

The correct answer is: C

Explanation

An increase in the real GDP will increase the demand for money and also the interest rate will also increase.

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