When the Money Market Is Depicted in a Graph with the Value

Multiple Choice

When the money market is depicted in a graph with the value of money on the vertical axis, as the price level increases, what happens to the value of money?

A) It increases, so the quantity of money demanded increases.
B) It increases, so the quantity of money demanded decreases.
C) It decreases, so the quantity of money demanded decreases.
D) It decreases, so the quantity of money demanded increases.