When the money market is drawn with the value of money on the vertical axis, if there is a shortage of money then
a. the value of money rises which will make people desire to hold more money.
b. the value of money rises which will make people desire to hold less money.
c. the value of money falls which will make people desire to hold more money.
d. the value of money falls which will make people desire to hold less money.
b
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The unregulated, single-price monopoly shown in the figure above will produce where its demand
A) equals its MC curve. B) equals its ATC curve. C) is inelastic. D) is elastic.
The fractional reserve system allows banks to create money by making loans based on the quantity of demand deposits they have
Indicate whether the statement is true or false
The velocity of circulation is the
a. speed at which the multiplier takes effect. b. speed at which money circulates. c. speed at which tax cuts get spent. d. rate at which money creation takes place.
Refer to the information provided in Figure 13.9 below to answer the question(s) that follow. 
Figure 13.9 Refer to Figure 13.9. If this industry was originally perfectly competitive and becomes monopolized, the amount of consumer surplus transferred to Ohio Edison in the form of profits is
A. BEC. B. FGBC. C. FGBE. D. FABE.