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Figure 30-3 on the Following Graph, MS Represents the Money Supply and Supply

Question 141

Multiple Choice

Figure 30-3
On the following graph, MS represents the money supply and MD represents money demand. Figure 30-3 On the following graph, MS represents the money supply and MD represents money demand.   -Refer to Figure 30-3. Suppose the relevant money-supply curve is the one labeled MS<sub>2</sub>; also suppose the economy's real GDP is 65,000 for the year. If the market for money is in equilibrium, then the velocity of money is approximately A) 2.0. B) 14.3. C) 2.9. D) 0.35.
-Refer to Figure 30-3. Suppose the relevant money-supply curve is the one labeled MS2; also suppose the economy's real GDP is 65,000 for the year. If the market for money is in equilibrium, then the velocity of money is approximately


A) 2.0.
B) 14.3.
C) 2.9.
D) 0.35.

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