Money demand shifts right when:

When the real interest rate increases, the opportunity cost of holding money rises, leading to a decrease in money demand. Higher interest rates incentivize individuals to save rather than hold cash, which would reduce the quantity of money demanded in the economy.

An increase in income taxes generally decreases disposable income, which can lead to a reduction in overall consumption and, consequently, lower money demand. With less money available for spending, individuals may not need to hold as much liquid cash, resulting in a leftward shift in money demand.

A decrease in real GDP indicates a contraction in economic activity, reducing the overall need for transactions and liquid cash. As economic output falls, so does the demand for money, as fewer transactions occur in a shrinking economy.