-In Figure 15.2,at an interest rate of 9 percent,there is
A)Equilibrium in the money market.
B)An excess demand for money of $100 billion.
C)An excess supply of money of $100 billion.

Name: -In Figure 15.2,at an interest rate of 9 percent,there is A)Equilibrium in the money market. B)An excess demand for money of $100 billion. C)An excess supply of money of $100 billion.
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Question

-In Figure 15.2,at an interest rate of 9 percent,there is
A)Equilibrium in the money market. 
B)An excess demand for money of $100 billion. 
C)An excess supply of money of $100 billion.

Quizplus · Accepted Answer

At an interest rate of 9 percent, the supply of money exceeds the demand, leading to an excess supply of $100 billion.