When the Money Market Is Drawn with the Value of Money

question 115

Multiple Choice

When the money market is drawn with the value of money on the vertical axis, in which of the following situations does the price level increase?

• A)if either money demand or money supply shifts right
• B)if either money demand or money supply shifts left
• C)if money demand shifts right or money supply shifts left
• D)if money demand shifts left or money supply shifts right

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