Figure 1 Value of Money 2 1 MS1 MS2 B D Money Demand Quantity of Money 14. Refer to Figure 1. If the money supply is MS2 and the value of money is 2, then a. the quantity of money demanded is greater than the quantity supplied; the price level will rise. b. the quantity of money demanded is greater than the quantity supplied; the price level will fall. c. the quantity of money supplied is greater than the quantity demanded; the price level will rise. d. the quantity of money supplied is greater than the quantity demanded; the price level will fall.

Figure 1 Value of Money 2 1 MS1 MS2 B D Money Demand Quantity of Money 14. Refer to Figure 1. If the money supply is MS2 and the value of money is 2, then a. the quantity of money demanded is greater than the quantity supplied; the price level will rise. b. the quantity of money demanded is greater than the quantity supplied; the price level will fall. c. the quantity of money supplied is greater than the quantity demanded; the price level will rise. d. the quantity of money supplied is greater than the quantity demanded; the price level will fall.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Only typed answer and please answer correctly

Figure 1
Value of
Money
2
1
MS1 MS2
B
D
Money
Demand
Quantity of
Money
14. Refer to Figure 1. If the money supply is MS2 and the value of money is 2, then
a. the quantity of money demanded is greater than the quantity supplied; the price level will rise.
b. the quantity of money demanded is greater than the quantity supplied; the price level will fall.
c. the quantity of money supplied is greater than the quantity demanded; the price level will rise.
d. the quantity of money supplied is greater than the quantity demanded; the price level will fall.

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