A decrease in real GDP causes leftward shift of money demand curve.
A graph depicting the relationship between the price of a good and the quantity wanted at that price is known as a demand curve in economics. Demand curves can be used to analyze the price-quantity relationship for both a specific consumer and for all consumers in a market. As shown in the graphic to the right, demand curves are frequently believed to slope downward. This is because the quantity needed for most products reduces as the price rises, according to the rule of demand. Demand and supply curves are routinely combined to model consumer behavior in highly competitive markets in order to estimate the equilibrium price and the equilibrium quantity of a market.
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