Refer to Figure 12

question 22

Multiple Choice

Refer to Figure 12.2.How many Nash equilibriums are there?

• A) 0
• B) 1
• C) 2
• D) 3

---

Definitions:

Equilibrium Value

The point where supply equals demand in a market, resulting in a stable price and quantity for goods and services.

Price Level

The current pricing average for every produced good and service within the economy.

Money Demand Curve

A graph showing the relationship between the interest rate and the total amount of money that consumers and businesses wish to hold at any given time.

Nominal Variable

A variable measured in terms of money that has not been adjusted for inflation, reflecting the current price level.