In the demand and supply model of the money market, the
i. supply of money curve is a vertical straight line.
ii. supply of money is the quantity that must be held by households and firms.
iii. quantity of money is determined by Fed actions.
A) i only B) ii only C) iii only D) ii and iii E) i, ii, and iii
Question 2
A decrease in the value of a currency is called a(n)
A) depreciation. B) integration. C) appreciation. D) consolation.
