Multiple Choice
Figure 30-1 
-Refer to Figure 30-1. If the money supply is MS2 and the value of money is 4, then the quantity of money
A) demanded is greater than the quantity supplied; the price level will rise.
B) demanded is greater than the quantity supplied; the price level will fall.
C) supplied is greater than the quantity demanded; the price level will rise.
D) supplied is greater than the quantity demanded; the price level will fall.
Correct Answer:
Verified
Correct Answer:
Verified
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