The United States is at full employment when the Fed cuts the quantity of money, other things remaining the same. Explain the effect of the cut in the quantity of money on aggregate demand in the short run. Question content area bottom Part 1 Upper A cut in the quantity of money _______. A. increases aggregate demand B. increases the quantity of real GDP demanded but aggregate demand does not change C. decreases aggregate demand D. decreases the quantity of real GDP demanded but aggregate demand does not change