When the Money Market Is Drawn with the Value of Money

question 79

Multiple Choice

When the money market is drawn with the value of money on the vertical axis, in which situation 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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Definitions:

Level Of Caution

The degree of care and attention to potential risks or dangers in a particular situation or activity.

Negligence Per Se

A legal doctrine where an act is considered negligently wrongful because it violates a statute or regulation.

Legal Rule

A binding principle or procedure that is enforced by a legal authority, guiding or regulating behaviors or processes.

Unforeseeable Harm

Harm or injury that could not have been anticipated or expected under normal circumstances or with reasonable foresight.