VALUE OF MONEY 2 MS, MS, A D Money Demand QUANTITY OF MONEY Refer to Figure 31-1. If the money supply is MS2 and the value of money is 5, then there is an excess demand for money that is represented by the distance between points C and D. supply of money that is represented by the distance between points C and D. supply of money that is represented by the distance between points C and A. demand for money that is represented by the distance between points C and A.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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VALUE OF MONEY
10
MS.
MS,
2
A
B
Money Demand
QUANTITY OF MONEY
Refer to Figure 31-1. If the money supply is MS2 and the value of money is 5, then there is an excess
demand for money that is represented by the distance between points C and D.
supply of money that is represented by the distance between points C and D.
supply of money that is represented by the distance between points C and A.
demand for money that is represented by the distance between points C and A.
Transcribed Image Text:VALUE OF MONEY 10 MS. MS, 2 A B Money Demand QUANTITY OF MONEY Refer to Figure 31-1. If the money supply is MS2 and the value of money is 5, then there is an excess demand for money that is represented by the distance between points C and D. supply of money that is represented by the distance between points C and D. supply of money that is represented by the distance between points C and A. demand for money that is represented by the distance between points C and A.
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