If the price level in an economy is 120 and the equilibrium price level is 100, _____.

If the price level in an economy is 120 and the equilibrium price level is 100, _____.

Entire Course Link

https://plus.google.com/u/0/108200033792883877670/posts/dWT4sDYbQKM

 If the price level in an economy is 120 and the equilibrium price level is 100, _____.

·       

 

the supply of money is likely to exceed the demand for money

·       

 

people will want to hold more money than is supplied by the central bank

·       

 

the purchasing power of money will increase

·       

 

the demand for money curve will shift to the left
Powered by