Figure 12-1 -Refer to Figure 12-1. If the Money Supply Is MS₂

question 5

Multiple Choice

Figure 12-1

-Refer to Figure 12-1. If the money supply is MS₂ and the value of money is 2, then there is an excess

• A) demand for money that is represented by the distance between points A and C.
• B) demand for money that is represented by the distance between points A and B.
• C) supply of money that is represented by the distance between points A and C.
• D) supply of money that is represented by the distance between points A and B.

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Definitions:

Average Size Clique

Refers to the typical number of members in a small, exclusive group of people with shared interests or identities.

Peer Conformity

The tendency to adopt the behaviors, attitudes, or values of one's peer group in order to fit in or be accepted.

Peer Pressure

The influence exerted by a peer group, encouraging individuals to change their attitudes, values, or behaviors to conform to group norms.

Nonconformists

Individuals who reject or do not adhere to the norms, values, or practices of the majority society or group.