Refer to the graph above. If the interest rate rises from 2 percent to 3 percent, the supply of money must have:
A) Decreased by $50 billion
B) Decreased by $100 billion
C) Decreased by $150 billion
D) Increased by $50 billion

Question

Refer to the graph above. If the interest rate rises from 2 percent to 3 percent, the supply of money must have:
A) Decreased by $50 billion 
B) Decreased by $100 billion 
C) Decreased by $150 billion 
D) Increased by $50 billion

Quizplus · Accepted Answer

The Answer of  Refer to the graph above. If the interest rate rises from 2 percent to 3 percent, the supply of money must have:
A) Decreased by $50 billion 
B) Decreased by $100 billion 
C) Decreased by $150 billion 
D) Increased by $50 billion

Refer to the Graph Above