Use the figure below for the following questions. Figure 30-1 -Refer to Figure 30-1. 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.

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The Answer of Use the figure below for the following questions. Figure 30-1 -Refer to Figure 30-1. 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.

Use the Figure Below for the Following Questions