When the value of money is on the vertical axis, the money supply curve is vertical and shifts right if the Federal Reserve buys bonds.
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Q6: U.S. prices rose at an average annual
Q7: When the value of money is on
Q8: The price level is determined by the
Q9: If P represents the price of goods
Q10: An increase in money demand would create
Q12: The United States has never had deflation.
Q13: An excess supply of money is eliminated
Q14: In the 1990s, U.S. prices rose at
Q15: If the quantity of money demanded is
Q16: The money demand curve shifts to the
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