Due to the increased use of credit carus, peup O a. a rightward shift in the demand for money curve. O b. no movement along the demand curve for money nor a shift in the demand curve. Oc. a leftward shift in the demand for money curve. d. a movement upward along the demand for money curve. е. a movement downward along the demand for money curve.
Due to the increased use of credit carus, peup O a. a rightward shift in the demand for money curve. O b. no movement along the demand curve for money nor a shift in the demand curve. Oc. a leftward shift in the demand for money curve. d. a movement upward along the demand for money curve. е. a movement downward along the demand for money curve.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Due to the increased use of credit cards, people now carry around less cash. This would be represented in a money market diagram as
O a.
a rightward shift in the demand for money curve.
O b. no movement along the demand curve for money nor a shift in the demand curve.
Oc.
a leftward shift in the demand for money curve.
Od.
a movement upward along the demand for money curve.
O .
a movement downward along the demand for money curve.
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