When the Money Market Is Drawn with the Value of Money

question 180

Multiple Choice

When the money market is drawn with the value of money on the vertical axis,the money demand curve slopes

• A)upward,because at higher prices people want to hold more money.
• B)downward,because at higher prices people want to hold more money.
• C)downward,because at higher price people want to hold less money.
• D)upward,because at higher prices people want to hold less money.

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Definitions:

Syncline

A fold in rock layers where the youngest layers are closer to the center of the structure, typically appearing as a trough.

Monocline

A geological fold in which all layers are inclined in the same direction.

Dome

A geological feature where rock layers are pushed upwards to form a rounded protrusion on Earth's surface.

Anticline

A type of fold that is arched upward and has its oldest beds at its core, often associated with oil and gas reservoirs.