When the Money Market Is Drawn with the Value of Money

question 215

Multiple Choice

When the money market is drawn with the value of money on the vertical axis,a decrease in the money supply leads people to

• A)spend more so the value of a dollar rises.
• B)spend more so the value of a dollar falls.
• C)spend less so the value of a dollar rises.
• D)spend less so the value of a dollar falls.

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Definitions:

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