Question: Please help me with this question!! Interest rate (percent per year) 3 MD2 MD1 MDo 2.8 2.9 3.0 3.1 3.2 3.3 Real money (trillions of

Please help me with this question!!

Interest rate (percent per year) 3 MD2 MD1 MDo 2.8 2.9 3.0 3.1 3.2 3.3 Real money (trillions of 2009 dollars) In the above figure, suppose the economy is initially on the demand for money curve MD1. What is the effect of an increase in the use of credit cards? There would be a movement downward along the demand for money curve MD1. The demand for money curve would shift leftward to MDo. The demand for money curve would shift rightward to MD2. O There would be a movement upward along the demand for money curve MD1. * Previous Next > Not saved Submit Quiz

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