Multiple Choice
When the demand for money is shown on a graph, which variable is on the vertical axis and which variable is on the horizontal axis?
A) Quantity of money is on the vertical axis, and interest rate is on the horizontal axis.
B) Interest rate is on the vertical axis, and quantity of money is on the horizontal axis.
C) Price level is on the vertical axis, and quantity of money is on the horizontal axis.
D) Quantity of money is on the vertical axis, and price level is on the horizontal axis.
Correct Answer:
Verified
Correct Answer:
Verified
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