Use the Figure Below for the Following Questions

question 130

Multiple Choice

Use the figure below for the following questions.
Figure 30-1
-Refer to Figure 30-1. If the money supply is MS₂ and the value of money is 2, which of the following relationships holds?

• A)The value of money is less than its equilibrium level.
• B)The price level is higher than its equilibrium level.
• C)Money demand is greater than the money supply.
• D)The money supply is greater than money demand.

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