MS, MS, MS Investment 80 100 120 Amount of Money 0 140 506 nvestment AS Real GOP

Question

MS, MS, MS Investment 80 100 120 Amount of Money 0 140 506 nvestment AS Real GOP Refer to the dingrams. The numbers in parentheses afer the AD ADs and ADncta investment "pending ainsated with each carve. All figures are in bllim lfagrepir ADs a monetary authorities desire to reduce it to ADs, they should A, increase the money supply from $100 to $120 B increase the interest rate from 3 percent to 9 percent C, decrease the money supply from $120 to $100 D decrease the interest rate from 3 percent to 9 percent O7. If you write a dok on a bank to A an economic investment B. a unit of account C a medium of eschange D a store of value chase a used "nda Civi, ywav- 6.Shen economists say that money serves as a mnium ofeuha ,they-t" declared as legal tender by the govemment B a monetary unit for measuring and comparing the relative valucs of goods C a way to keep wealth in a readily spendable form for future use D a means of payment 69. The paper money used in the United States is A. Federal Reserve Notes B. Treasury Notes C. United States Notes D. National Bank Notes

Explanation / Answer

Answer. (c) If the demand is AD3, and monetary authorities want to reduce it to AD2, then they will decrease money supply from $120 to $100.

Answer. (c) As a medium of exchange. It is used instead of large amount of cash.

Answer. (D) a means of payment.

Answer. (A) Federal Reserve Notes (Paper currency or dollar $ )

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