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Figure 12-2

Question 89

Multiple Choice

Figure 12-2. On the graph, MS represents the money supply and MD represents money demand. The usual quantities are measured along the axes.
Figure 12-2. On the graph, MS represents the money supply and MD represents money demand. The usual quantities are measured along the axes. -Refer to Figure 12-2. Suppose the relevant money-demand curve is the one labeled MD<sub>1</sub>; also suppose the velocity of money is 3. If the money market is in equilibrium, then the economy's real GDP amounts to A) 5,000. B) 7,500. C) 10,000. D) 15,000.
-Refer to Figure 12-2. Suppose the relevant money-demand curve is the one labeled MD1; also suppose the velocity of money is 3. If the money market is in equilibrium, then the economy's real GDP amounts to


A) 5,000.
B) 7,500.
C) 10,000.
D) 15,000.

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