ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Figure 369-169
VALUE OF MONEY
5
2
MS.
D
B
MS.
A
C
Money Demand
QUANTITY OF MONEY
Refer to Figure 369-169. If the money supply is MS₂ and the value of money is 5, then the quantity of money
demanded is greater than the quantity supplied; the price level will rise.
demanded is greater than the quantity supplied; the price level will fall.
supplied is greater than the quantity demanded; the price level will rise.
supplied is greater than the quantity demanded; the price level will fall.
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Transcribed Image Text:Figure 369-169 VALUE OF MONEY 5 2 MS. D B MS. A C Money Demand QUANTITY OF MONEY Refer to Figure 369-169. If the money supply is MS₂ and the value of money is 5, then the quantity of money demanded is greater than the quantity supplied; the price level will rise. demanded is greater than the quantity supplied; the price level will fall. supplied is greater than the quantity demanded; the price level will rise. supplied is greater than the quantity demanded; the price level will fall.
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