Figure 15-1
-Refer to Figure 15-1. At which interest rate is there an excess money demand?
A) 2 percent
B) 3 percent
C) 4 percent
D) 5 percent

Name: Figure 15-1 -Refer to Figure 15-1. At which interest rate is there an excess money demand? A) 2 percent B) 3 percent C) 4 percent D) 5 percent
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Question

Figure 15-1 
-Refer to Figure 15-1. At which interest rate is there an excess money demand?
A) 2 percent 
B) 3 percent 
C) 4 percent 
D) 5 percent

Quizplus · Accepted Answer

At an interest rate of 2 percent, the quantity of money demanded exceeds the quantity of money supplied, resulting in an excess money demand.

Figure 15-1 -Refer to Figure 15-1. at Which Interest Rate Is There