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In the Demand and Supply Model of the Money Market

Question 100

Multiple Choice

In the demand and supply model of the money market, the i. supply of money curve is a vertical straight line.
Ii) supply of money is the quantity that must be held by households and firms.
Iii) quantity of money is determined by Fed actions.


A) i only
B) ii only
C) iii only
D) ii and iii
E) i, ii, and iii

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