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Economics Question 24 (1 point) Why is the money supply curve vertical? The quantity of money supplied increases only if people desire to hold more money. The quantity of money supplied increases only if the central bank increases the money supply. The quantity of money supplied increases when the value of money increases. The quantity of money supplied increases when the price level decreases. Question 1 (1 point) Which of the following best explains how credit cards are used? Oas a method of payment as a part of the M2 money supply as a method of deferring payment as a unit of account Question 7 (1 point) Saved How can the Bank of Canada increase the money supply? by conducting open-market sales and lowering the bank rate by conducting open-market purchases and raising the bank rate by conducting open-market purchases and lowering the bank rate by conducting open-market sales and raising the bank rate