Figure 115 Alt Text for Figure 11

question 212

Multiple Choice

Figure 11.5 Alt text for Figure 11.5: In figure 11.5, a graph shows movement in money demand curve.
Long description for Figure 11.5: The x-axis is labelled, quantity of money, M (billions of dollars) .The y-axis is labelled, interest rate, i.Line MD1 begins in the top left corner and slopes down to the bottom center.Points A and B are marked along line MD1.Point A is close to the bottom of the line, and point B is close to the top of the line.
-Refer to Figure 11.5.In the figure above, a movement from point A to point B would be caused by

• A)a decrease in real GDP.
• B)an increase in the price level.
• C)a decrease in the price level.
• D)an increase in the interest rate.
• E)a decrease in the interest rate.

---

Definitions:

Median

The central figure in an arranged sequence of values, splitting the collection of data into two equal parts.

Magnitudes

Measures or levels of size, volume, amount, or extent of physical quantities or statistical values, often used in comparisons.

Variance

A statistical measure of the dispersion or spread of data points in a data set, indicating how far each data point in the set is from the mean.

Mean

The arithmetic average of a set of numbers, calculated by adding them together and dividing by the count of numbers.