When the Money Market Is Drawn with the Value of Money

question 121

Multiple Choice

When the money market is drawn with the value of money on the vertical axis,if the price level is below the equilibrium level,there is an

• A)excess demand for money,so the price level will rise.
• B)excess demand for money,so the price level will fall.
• C)excess supply of money,so the price level will rise.
• D)excess supply of money,so the price level will fall.

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Definitions:

!=

A relational operator in programming that checks if two values are not equal to each other.

Syntax Error

An error in the syntax of a programming language code, preventing the program from being compiled or executed correctly.

&&

A logical AND operator used in programming to evaluate whether two conditions are both true.

String Variables

Variables that are used to store text data, composed of a sequence of characters.