Refer to the information provided in Figure 11.4 below to answer the questions that follow.
Figure 11.4
-Refer to Figure 11.4.At an interest rate of 8%,there is

Question

Refer to the information provided in Figure 11.4 below to answer the questions that follow.
  Figure 11.4
-Refer to Figure 11.4.At an interest rate of 8%,there is

Quizplus · Accepted Answer

At an interest rate of 8%, the quantity demanded of money is $1,200 billion, while the quantity supplied is $1,600 billion. This means there is an excess supply of money of $400 billion.

Refer to the Information Provided in Figure 11