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If the Interest Rate Is Above the Equilibrium Rate, There

Question 76

Multiple Choice

If the interest rate is above the equilibrium rate, there is an


A) excess demand for money and downward pressure on the interest rate.
B) excess quantity supplied of money and upward pressure on the interest rate.
C) excess supply of money and upward pressure on the interest rate.
D) excess quantity supplied of money and downward pressure on the interest rate.

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