71.Thepricelevelrisesifeither
a.moneydemandshiftsrightwardormoneysupplyshiftsleftward;thisriseinthepricelevelisassociatedwithariseinthevalueofmoney.
b.moneydemandshiftsrightwardormoneysupplyshiftsleftward;thisriseinthepricelevelisassociatedwithafallinthevalueofmoney.
c.moneydemandshiftsleftwardormoneysupplyshiftsrightward;thisriseinthepricelevelisassociatedwithariseinthevalueofmoney.
d.moneydemandshiftsleftwardormoneysupplyshiftsrightward;thisriseinthepricelevelisassociatedwithafallinthevalueofmoney.
72.Whenthemoneymarketisdrawnwiththevalueofmoneyontheverticalaxis,thepricelevelincreasesif
a.eithermoneydemandormoneysupplyshiftsright.
b.eithermoneydemandormoneysupplyshiftsleft.
c.moneydemandshiftsrightormoneysupplyshiftsleft.
d.moneydemandshiftsleftormoneysupplyshiftsright.
73.Whenthemoneymarketisdrawnwiththevalueofmoneyontheverticalaxis,thepricelevelincreasesif
a.moneydemandshiftsrightanddecreasesifmoneysupplyshiftsright.
b.moneydemandshiftsrightanddecreasesifmoneysupplyshiftsleft.
c.moneydemandshiftsleftanddecreasesifmoneysupplyshiftsright.
d.moneydemandshiftsleftanddecreasesifmoneysupplyshiftsleft.
74.Thepricelevelrisesifeither
a.moneydemandormoneysupplyshiftsrightward.
b.moneydemandshiftsrightwardormoneysupplyshiftsleftward.
c.moneydemandshiftsleftwardormoneysupplyshiftsrightward.
d.moneydemandormoneysupplyshiftsleftward.
75.Whenthemoneymarketisdrawnwiththevalueofmoneyontheverticalaxis,thepriceleveldecreasesif
a.eithermoneydemandormoneysupplyshiftsright.
b.eithermoneydemandormoneysupplyshiftsleft.
c.moneydemandshiftsrightormoneysupplyshiftsleft.
d.moneydemandshiftsleftormoneysupplyshiftsright.
76.Whenthemoneymarketisdrawnwiththevalueofmoneyontheverticalaxis,thevalueofmoneydecreasesif
a.eithermoneydemandormoneysupplyshiftsright.
b.eithermoneydemandormoneysupplyshiftsleft.
c.moneydemandshiftsrightormoneysupplyshiftsleft.
d.moneydemandshiftsleftormoneysupplyshiftsright.
Figure30-1
77.RefertoFigure30-1.IfthemoneysupplyisMS2andthevalueofmoneyis2,thenthereisanexcess
a.demandformoneythatisrepresentedbythedistancebetweenpointsAandC.
b.demandformoneythatisrepresentedbythedistancebetweenpointsAandB.
c.supplyofmoneythatisrepresentedbythedistancebetweenpointsAandC.
d.supplyofmoneythatisrepresentedbythedistancebetweenpointsAandB.
78.RefertoFigure30-1.IfthemoneysupplyisMS2andthevalueofmoneyis2,then
a.thequantityofmoneydemandedisgreaterthanthequantitysupplied;thepricelevelwillrise.
b.thequantityofmoneydemandedisgreaterthanthequantitysupplied;thepricelevelwillfall.
c.thequantityofmoneysuppliedisgreaterthanthequantitydemanded;thepricelevelwillrise.
d.thequantityofmoneysuppliedisgreaterthanthequantitydemanded;thepricelevelwillfall.
79.RefertoFigure30-1.WhenthemoneysupplycurveshiftsfromMS1toMS2,
a.thedemandforgoodsandservicesdecreases.
b.theeconomy’sabilitytoproducegoodsandservicesincreases.
c.theequilibriumpriceleveldecreases.
d.Noneoftheaboveiscorrect.
80.RefertoFigure30-1.WhenthemoneysupplycurveshiftsfromMS1toMS2,
a.theequilibriumvalueofmoneydecreases.
b.theequilibriumpriceleveldecreases.
c.thesupplyofmoneyhasdecreased.
d.thedemandforgoodsandserviceswilldecrease.
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