When the money market is drawn with the value of money on the vertical axis,long-run equilibrium is obtained when the quantity demanded and quantity supplied of money are equal due to adjustments in the

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In the long run, adjustments in the value of money will ensure that the quantity demanded and quantity supplied of money are equal, leading to long-run equilibrium in the money market. Real and nominal interest rates, as well as the money supply, may affect the demand and supply of money but are not the primary factors determining the long-run equilibrium.

When the Money Market Is Drawn with the Value of Money