Multiple Choice
Figure 17-1 
-Refer to Figure 17-1. If the money supply is MS2 and the value of money is 2, then there is an excess
A) demand for money that is represented by the distance between points A and C.
B) demand for money that is represented by the distance between points A and B.
C) supply of money that is represented by the distance between points A and C.
D) supply of money that is represented by the distance between points A and B.
Correct Answer:
Verified
Correct Answer:
Verified
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