With the Value of Money on the Vertical Axis, the Money

question 6

Multiple Choice

With the value of money on the vertical axis, the money supply curve is

• A) Upward sloping because people supply a larger quantity of money when the value of money increases.
• B) Downward sloping because people supply a larger quantity of money when the value of money decreases.
• C) horizontal because we assume the central bank controls the money supply
• D) Vertical because we assume the central bank controls the money supply.

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