2. How will the following events affect the demand for money? In each case, specify whether there is a shift of the demand curve or a movement along the demand curve and its direction.
There is a fall in the interest rate from 12% to 10%.
Thanksgiving arrives and, with it, the beginning of the holiday shopping season.
McDonald’s and other fast-food restaurants begin to accept credit cards.
The Fed engages in an open-market purchase of U.S. Treasury bills.