Question: A Question Completion Status: 60 70 10 11 5 120 136 346 150 160 171 180 19 200 21 220 QUESTION 19 15 points Save

A Question Completion Status: 60 70 10 11 5 120 136

A Question Completion Status: 60 70 10 11 5 120 136 346 150 160 171 180 19 200 21 220 QUESTION 19 15 points Save Answer On the graph, MS represents the money supply and MD represents money demand. The usual quantities are measured along the axes MS. MS, 0.5 0.33 MD 10,000 15,000 (1) (a) what quantity is measured along the vertical axis and horizontal axis, respectively? (2*2pts=4pts) (b) If the relevant money-supply curve is the one labeled MS1, then what is the equilibrium price level and value of money? (2pts*2=4pts) (2) (3pts): Suppose the relevant money-supply curve is the one labeled MS2; also suppose the economy's real GDP is 30,000 for the year. If the money market is in equilibrium, then what is the velocity of money? Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit

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