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Macroeconomics: velocity, demand for money, aggregate demand

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A reduction in the demand for money is the equivalent of a(n) ______ in velocity and will shift the aggregate demand curve to the _______

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Solution Summary

This solution states whether a reduction in the demand for money is the equivalent of an increase or a decrease in the velocity of money, and whether such a reduction will shift the aggregate demand curve to the left or the right.

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