Which of the following terms is defined in the passage？A．pheromones （line 2)B．col

实际货币余额(real money balances)

A、liquidity preference

B、the government-purchases multiplier

C、unplanned inventory investment

D、real money balances

实际余额(real balances)

A．a desired level of real GDP

B．a balance of payments equilibrium

C．a certain level of real money balances

D．reducing government debt

Which one of the following statements about the demand for money is incorrect？______.

A．The amount of money that people hold is negatively related with the interest rate.

B．As the level of national income rises, the amount of money balances that individuals hold decreases.

C．Both the level of national income and the interest rate affect the demand for money balances.

D．Other things constant, an increase in the real interest rate reduces the demand for real money balances.