Multiple Choice
With the value of money on the vertical axis, the money supply curve is
A) Upward sloping because people supply a larger quantity of money when the value of money increases.
B) Downward sloping because people supply a larger quantity of money when the value of money decreases.
C) horizontal because we assume the central bank controls the money supply
D) Vertical because we assume the central bank controls the money supply.
Correct Answer:
Verified
Correct Answer:
Verified
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