Figure 24-2.On the left-hand graph,MS represents the supply of money and MD represents the demand for money; on the right-hand graph,AD represents aggregate demand.The usual quantities are measured along the axes of both graphs.

-Refer to Figure 24-2.What is measured along the horizontal axis of the left-hand graph?
A) nominal output
B) real output
C) the opportunity cost of holding money
D) the quantity of money

Question

Figure 24-2.On the left-hand graph,MS represents the supply of money and MD represents the demand for money; on the right-hand graph,AD represents aggregate demand.The usual quantities are measured along the axes of both graphs.
 
-Refer to Figure 24-2.What is measured along the horizontal axis of the left-hand graph?
A) nominal output 
B) real output 
C) the opportunity cost of holding money 
D) the quantity of money

Quizplus · Accepted Answer

The horizontal axis of the left-hand graph measures the quantity of money, as indicated by the label "M" and the symbol "MS" for money supply.