The aggregate real money demand schedule L(R,Y)
A.
slopes upward because a fall in the interest rate raises the desired real money holdings of each household and firm in the economy.
B.
slopes downward because a fall in the interest rate reduces the desired real money holdings of each household and firm in the economy.
C.
has a zero slope because a fall in the interest rate keeps constant the desired real money holdings of each household and firm in the economy.
D.
slopes downward because a fall in the interest rate raises the desired real money holdings of each household and firm in the economy.
E.
slopes downward because a rise in the interest rate makes consumers less focused on the liquidity of their assets.