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Figure 31-1 -Refer to Figure 31-1.When the Money Supply Curve Shifts from Money

Question 17

Multiple Choice

Figure 31-1
Figure 31-1 -Refer to Figure 31-1.When the money supply curve shifts from MS<sub>1</sub> to MS<sub>2</sub>, A) the equilibrium value of money decreases. B) the equilibrium price level decreases. C) the supply of money has decreased. D) the demand for goods and services will decrease.

-Refer to Figure 31-1.When the money supply curve shifts from MS₁ to MS₂,

A) the equilibrium value of money decreases.
B) the equilibrium price level decreases.
C) the supply of money has decreased.
D) the demand for goods and services will decrease.

Correct Answer: