An increase in total production (real GDP) causes the demand for money to ______and the interest rate to _________
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option C
Explanation:
An increase in the real GDP will increase the demand for money and also the interest rate will also increase.
An increase in the real GDP will increase the demand for money and also the interest rate will also increase.