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8 13 Use the figure below to answer the following question: Value of Money 2 H I 1 I 1 MS1 MS2 | AI O

8 13 Use the figure below to answer the following question: Value of Money 2 H I 1 I 1 MS1 MS2 | AI O I 1 B D 1 I Money Demand Quantity of Money If the money supply is MS2 and the value of money is 2, k the value of money is less than its equilibrium level. the price level is higher than its equilibrium level. the quantity of money demanded is greater than the quantity of money supplied. the quantity of money supplied is greater than the quantity of money demanded.

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