-In the figure above, if the interest rate is 6 per cent,
A) there is a $0.1 billion excess demand for money and the interest rate will rise.
B) there is a $0.1 billion excess quantity of money and the interest rate will fall.
C) there is a $0.1 billion excess quantity of money and the interest rate will rise.
D) the money market is in equilibrium and the interest rate will remain constant.
Correct Answer:
Verified
Q86: Q87: Which of the following is a service Q88: The real quantity of money is Q89: Barter is an inefficient means of exchange Q90: The fact that using money avoids the Q92: Which of the following is NOT part Q93: Which of the following is NOT money? Q94: Which of the following is part of Q95: The demand for nominal money Q96: Which of the following does NOT describe
A)inversely related
A)A
A)increases as the
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