The figure below illustrates the demand for money for transaction (L1) and speculative motives (L2) in South Africa: A recession similar to the one experienced between 2009 and 2011 in the global economy will a.Shift curve L1 to the left. b.Shift curve L1 to the left and curve L2 to the right. c.Shift curve L2 to the left and have no impact on curve L1. d.Shift both curves L1 and L2 to the left
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Please solve
The figure below illustrates the demand for money for transaction (L1) and speculative motives (L2) in South Africa:
A recession similar to the one experienced between 2009 and 2011 in the global economy will
a.Shift curve L1 to the left.
b.Shift curve L1 to the left and curve L2 to the right.
c.Shift curve L2 to the left and have no impact on curve L1.
d.Shift both curves L1 and L2 to the left
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