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Refer to Figure 30-2. If the relevant money-demand curve is the one labeled MD1, then the equilibrium value of money is a. 2 and the
Refer to Figure 30-2. If the relevant money-demand curve is the one labeled MD1, then the equilibrium value of money is a. 2 and the equilibrium price level is 0.5. b. 0.5 and the equilibrium price level cannot be determined from the graph. c. 0.5 and the equilibrium price level is 2. d. 2 and the equilibrium price level cannot be determined from the grap
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