Graphs show relationships between variables. They are part of any economics course. For each of the scenarios below, you will be required to draw a money market graph and attach it. You may take a picture of a hand-drawn graph and insert it. You may choose to draw the graph in Ziteboard, copy it, and insert it. Please remember that poor graph hygiene can contaminate a correct understanding of an economic relationship.

Each graph should have correctly labeled axes, a correctly labeled money demand curve, and a correctly labeled money supply curve. Unless otherwise indicated, each graph should only illustrate short-run effects. Each graph should indicate any change in the nominal interest rate with sequenced indicators on the axis. Please refer to the class lectures for examples of sequenced indicators.

Households increasingly use their cellphones to buy goods.