Examlex
The schematic diagram shown is that of a(n)
Money Demand
The desire of households and firms to hold cash for the purposes of transactions, precaution, and speculation.
Surplus of Money
Surplus of Money occurs when the supply of money in an economy exceeds the demand, potentially leading to lower interest rates and increased spending.
Vertical Axis
In a graph or chart, this axis represents the range of values or criteria that are measured upward and downward.
Money Supply Curve
A graphical representation showing the relationship between the quantity of money in an economy and the price level or interest rates.
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