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Figure 30-1 -Refer to Figure 30-1.If the Money Supply Is MS2 and Is

Question 125

Multiple Choice

Figure 30-1 Figure 30-1 -Refer to Figure 30-1.If the money supply is MS<sub>2</sub> and the value of money is 2,then A) the value of money is lower than its equilibrium level. B) the price level is higher than its equilibrium level. C) the quantity of money demanded is greater than the quantity of money supplied. D) the quantity of money supplied is greater than the quantity of money demanded.
-Refer to Figure 30-1.If the money supply is MS2 and the value of money is 2,then


A) the value of money is lower than its equilibrium level.
B) the price level is higher than its equilibrium level.
C) the quantity of money demanded is greater than the quantity of money supplied.
D) the quantity of money supplied is greater than the quantity of money demanded.

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