Figure 11-1 
-Refer to Figure 11-1. If the money supply is MS2 and the value of money is 2, how much is the excess demand or supply?
A) There is an excess demand equal to the distance between A and C.
B) There is an excess demand equal to the distance between A and B.
C) There is an excess supply equal to the distance between A and C.
D) There is an excess supply equal to the distance between A and B.
Correct Answer:
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