Figure 12-1
-Refer to Figure 12-1. 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:
Verified
Q82: Economic variables whose values are measured in
Q91: Figure 12-1 Q92: Figure 12-2. On the graph, MS represents Q93: Figure 12-2. On the graph, MS represents Q94: Figure 12-2. On the graph, MS represents Q97: Figure 12-3. On the graph, MS represents Q98: Figure 12-2. On the graph, MS represents Q99: Figure 12-3. On the graph, MS represents Q100: Figure 12-3. On the graph, MS represents Q108: Suppose each good costs $5 per unit
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