Multiple Choice
When the money market is drawn with the value of money on the vertical axis,as the price level increases which of the following increases?
A) the quantity of money demanded and the quantity of money supplied
B) the quantity of money demanded but not the quantity of money supplied
C) the quantity of money supplied but not the quantity of money demanded
D) neither the quantity of money supplied nor the quantity of money demanded
Correct Answer:
Verified
Correct Answer:
Verified
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