Refer to the Diagram of the Market for Money $S _ { m }$

question 329

Multiple Choice

Refer to the diagram of the market for money. The vertical money supply curve $S _ { m }$ re?ects the fact that

• A) bond prices and interest rates are inversely related.
• B) the stock of money is determined by the Federal Reserve System and does not change when the interest rate changes.
• C) the rate at which money is spent is zero.
• D) lower interest rates result in lower opportunity costs of supplying money.

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