When the Money Market Is Drawn with the Value of Money

question 129

Multiple Choice

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

---

Definitions:

Psychologists

Professionals who study mental processes and behavior through observation, interpretation, and recording how individuals relate to one another and the environment.

Criteria

Standards or rules by which something is judged or evaluated.

Anger

A strong emotional state that typically arises from feelings of displeasure, frustration, or antagonism towards someone or something.

Fear

An emotional response triggered by perceived threats, leading to a fight-or-flight reaction.