When the Money Market Is Drawn with the Value of Money

question 198

Multiple Choice

When the money market is drawn with the value of money on the vertical axis,the price level increases if

• A)money demand shifts right and decreases if money supply shifts right.
• B)money demand shifts right and decreases if money supply shifts left.
• C)money demand shifts left and decreases if money supply shifts right.
• D)money demand shifts left and decreases if money supply shifts left.

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