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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Why is the demand curve for money downward sloping?

To determine

The downward sloping demand curve for money.

Explanation

The interest rate is the opportunity cost of holding money. As the rate of interest increases, the opportunity cost of holding money increases...

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