Figure 11-1 
-Refer to the Figure 11-1.If the money supply is MS2 and the value of money is 2,how much is the excess demand or supply?
A) There is an excess demand equal to the distance between A and C.
B) There is an excess demand equal to the distance between A and B.
C) There is an excess supply equal to the distance between A and C.
D) There is an excess supply equal to the distance between A and B.
Correct Answer:
Verified
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