Figure 24-1
-Refer to Figure 24-1.There is an excess demand for money at an interest rate of
A) 2 percent.
B) 3 percent.
C) 4 percent.
D) None of the above is correct.

Name: Figure 24-1 -Refer to Figure 24-1.There is an excess demand for money at an interest rate of A) 2 percent. B) 3 percent. C) 4 percent. D) None of the above is correct.
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Question

Figure 24-1 
-Refer to Figure 24-1.There is an excess demand for money at an interest rate of
A) 2 percent. 
B) 3 percent. 
C) 4 percent. 
D) None of the above is correct.

Quizplus · Accepted Answer

At an interest rate of 2 percent, the demand for money exceeds the supply, creating an excess demand for money.

Figure 24-1 -Refer to Figure 24-1.There Is an Excess Demand for Money