On the graph, MS represents the money supply and MD represents money demand. The usual quantities are measured along the axes. (10 marks) 1.125 MS 0.875 0.75 0.625 0.5 0375 MD. 0.25 MD 0.125- 5,000 4. Refer to the above Figure. If the relevant money-demand curve is the one labeled MD, a. What is the equilibrium value of money? b. What is the equilibrium price? c. Suppose the relevant money-demand curve is the one labeled MD2; also suppose the velocity of money is 2. If the money market is in equilibrium, then what was the economy's nominal GDP? d. At the end of 2007 the relevant money-demand curve was the one labeled MD.. At the end of 2008 the relevant money-demand curve was the one labeled MD. Assuming the economy is always in equilibrium, what was the economy's approximate inflation rate for 2008