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In the above figure, if the interest rate is 3 percent per year, the quantity of money demanded is
A)greater than the quantity of money supplied, and the supply of money curve will shift.
B)less than the quantity of money supplied, and the interest rate will change.
C)greater than the quantity of money supplied, and the demand for money curve will shift.
D)less than the quantity of money supplied,and the demand for money curve will shift.
E)greater than the quantity of money supplied, and the interest rate will change.

Question

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In the above figure, if the interest rate is 3 percent per year, the quantity of money demanded is
A)greater than the quantity of money supplied, and the supply of money curve will shift. 
B)less than the quantity of money supplied, and the interest rate will change. 
C)greater than the quantity of money supplied, and the demand for money curve will shift. 
D)less than the quantity of money supplied,and the demand for money curve will shift. 
E)greater than the quantity of money supplied, and the interest rate will change.

Quizplus · Accepted Answer

The Answer of 
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In the above figure, if the interest rate is 3 percent per year, the quantity of money demanded is
A)greater than the quantity of money supplied, and the supply of money curve will shift. 
B)less than the quantity of money supplied, and the interest rate will change. 
C)greater than the quantity of money supplied, and the demand for money curve will shift. 
D)less than the quantity of money supplied,and the demand for money curve will shift. 
E)greater than the quantity of money supplied, and the interest rate will change.

- In the Above Figure, If the Interest Rate Is 3