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Figure 30-3

Question 14

Multiple Choice

Figure 30-3.On the graph,MS represents the money supply and MD represents money demand.The usual quantities are measured along the axes. Figure 30-3.On the graph,MS represents the money supply and MD represents money demand.The usual quantities are measured along the axes. -Refer to Figure 30-3.Suppose the relevant money-supply curve is the one labeled MS<sub>1</sub>;also suppose the economy's real GDP is 30,000 for the year.If the money market is in equilibrium,then the velocity of money is approximately A) 3.0 B) 6.0 C) 9.0 D) 1.5
-Refer to Figure 30-3.Suppose the relevant money-supply curve is the one labeled MS1;also suppose the economy's real GDP is 30,000 for the year.If the money market is in equilibrium,then the velocity of money is approximately


A) 3.0
B) 6.0
C) 9.0
D) 1.5

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