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Figure 22-1 -Refer to Figure 22-1.If the Current Money Supply Is MS₁,then

Question 82

Multiple Choice

Figure 22-1 Figure 22-1 -Refer to Figure 22-1.If the current money supply is MS<sub>1</sub>,then A) there is no excess supply or excess demand if the value of money is 2. B) the equilibrium is at point C. C) there is an excess supply of money if the value of money is 1. D) None of the above is correct.
-Refer to Figure 22-1.If the current money supply is MS₁,then

A) there is no excess supply or excess demand if the value of money is 2.
B) the equilibrium is at point C.
C) there is an excess supply of money if the value of money is 1.
D) None of the above is correct.

Correct Answer: