The demand for money in an economy is high when the:

A) real GDP is low.
B) personal tax rate is low.
C) unemployment rate is high.
D) price level is high.
E) interest rate is high.

Real GDP

Real GDP, or real gross domestic product, measures a country's total economic output, adjusted for price changes or inflation.

Unemployment Rate

The portion of the labor group that is unoccupied with work but is actively seeking employment.

Personal Tax Rate

The percentage of an individual's income that is paid to the government as tax.