Solved

When the Money Market Is Drawn with the Value of Money

Question 38

Multiple Choice

When the money market is drawn with the value of money on the vertical axis,if there is a shortage of money then


A) the value of money rises which will make people desire to hold more money.
B) the value of money rises which will make people desire to hold less money.
C) the value of money falls which will make people desire to hold more money.
D) the value of money falls which will make people desire to hold less money.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q30: The inflation tax refers to<br>A)the revenue a

Q33: In 2010 the U.S.government was running a

Q35: If V and M are constant and

Q36: Figure 30-3.On the graph,MS represents the money

Q37: If velocity and output were nearly constant,then<br>A)the

Q39: Suppose over some period of time the

Q41: Consider the money market drawn with the

Q43: According to the classical dichotomy,when the money

Q76: Most economists believe the principle of monetary

Q121: When the money market is drawn with