When the money market is depicted in a diagram with the value of money on the vertical axis, in which of the following situations does the value of money increase?
A)if either money demand or money supply shifts right
B)if either money demand or money supply shifts left
C)if money demand shifts right or money supply shifts left
D)if money demand shifts left or money supply shifts right

Question

Quizplus · Accepted Answer

The value of money increases when money demand shifts right (more demand for money increases its value) or when money supply shifts left (less supply of money increases its value).

When the Money Market Is Depicted in a Diagram with the Value