The AA$-$curve has a negative slope because

Group of answer choices

in the domestic financial market, an increase in Y $($given the nominal money supply$)$ leads to an interest rate increase that requires nominal deprecation today $($given the expected exchange rate$)$ to satisfy the no$-$arbitrage condition.

in the domestic financial market, an decrease in Y $($given the real money supply$)$ leads to an interest rate increase that requires nominal appreciation today $($given the expected exchange rate$)$ to satisfy the no$-$arbitrage condition.

in the domestic financial market, an increase in Y $($given the real money supply$)$ leads to an interest rate increase that requires nominal appreciation today $($given the expected exchange rate$)$ to satisfy the no$-$arbitrage condition.

in the domestic financial market, an increase in Y $($given the real money supply$)$ leads to an interest rate increase that requires nominal appreciation in the future $($given today's exchange rate$)$ to satisfy the no$-$arbitrage condition.