Under sticky prices,

A.a fall in the money supply raises the interest rate to preserve money market equilibrium.

B.a fall in the money supply reduces the interest rate to preserve money market equilibrium.

C.a fall in the money supply keeps the interest rate intact to preserve money market

D.a fall in the money supply does not affect the interest rate in the short run, only in the long

E.None of the above statements is true.

Answer: A

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