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Figure 31-1 -Refer to Figure 31-1.If the Money Supply Is MS2 and Money

Question 3

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Figure 31-1
Figure 31-1 -Refer to Figure 31-1.If the money supply is MS<sub>2</sub> and the value of money is 2,then A) the quantity of money demanded is greater than the quantity supplied; the price level will rise. B) the quantity of money demanded is greater than the quantity supplied; the price level will fall. C) the quantity of money supplied is greater than the quantity demanded; the price level will rise. D) the quantity of money supplied is greater than the quantity demanded; the price level will fall.

-Refer to Figure 31-1.If the money supply is MS2 and the value of money is 2,then


A) the quantity of money demanded is greater than the quantity supplied; the price level will rise.
B) the quantity of money demanded is greater than the quantity supplied; the price level will fall.
C) the quantity of money supplied is greater than the quantity demanded; the price level will rise.
D) the quantity of money supplied is greater than the quantity demanded; the price level will fall.

Correct Answer:

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