Multiple Choice
Figure 22-3.On the graph,MS represents the money supply and MD represents money demand.The usual quantities are measured along the axes. 
-Refer to Figure 22-3.If the relevant money-supply curve is the one labeled MS1,then the equilibrium price level is
A) 0.5 and the equilibrium value of money is 2.
B) 2 and the equilibrium value of money is 0.5.
C) 0.5 and the equilibrium value of money cannot be determined from the graph.
D) 2 and the equilibrium value of money cannot be determined from the graph.
Correct Answer:
Verified
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