Defining the demand for central bank money as $ [c + \theta (1-c)]M^d $, where c = percentage of money people keep as currency, and $\theta$ the reserve rateo, I don't understand why, as my book states, an increase in either c or $\theta$ would result in a right shift of the curve.
My reasoning is: $ [c + \theta (1-c)]$ get's higher and $ M^d $ is a negative sloped function, therefore $M^D$ should get steeper.