Figure 34-1
-Refer to Figure 34-1. At an interest rate of 4 percent, there is an excess
A) demand for money equal to the distance between points a and b.
B) demand for money equal to the distance between points b and c.
C) supply of money equal to the distance between points a and b.
D) supply of money equal to the distance between points b and c.

Question

Figure 34-1 
-Refer to Figure 34-1. At an interest rate of 4 percent, there is an excess
A) demand for money equal to the distance between points a and b. 
B) demand for money equal to the distance between points b and c. 
C) supply of money equal to the distance between points a and b. 
D) supply of money equal to the distance between points b and c.

Quizplus · Accepted Answer

The Answer of Figure 34-1 
-Refer to Figure 34-1. At an interest rate of 4 percent, there is an excess
A) demand for money equal to the distance between points a and b. 
B) demand for money equal to the distance between points b and c. 
C) supply of money equal to the distance between points a and b. 
D) supply of money equal to the distance between points b and c.

Figure 34-1 -Refer to Figure 34-1. at an Interest Rate of 4