Figure 14.2 -Refer to Figure 14.2. at an Interest Rate of 8

Figure 14.2
-Refer to Figure 14.2. At an interest rate of 8%, there is:

A) excess supply of money and the interest rate will decline.
B) excess demand for money and the interest rate will rise.
C) excess demand for money and the interest rate will decline.
D) excess supply of money and the interest rate will rise.