Suppose That the Interest Rate Is Greater Than the Equilibrium

question 296

Multiple Choice

Suppose that the interest rate is greater than the equilibrium interest rate. Which of the following occurs?
I. There is an excess quantity of money.
II. The quantity of money automatically increases.
III. The interest rate falls.

• A) I and II
• B) I
• C) I and III
• D) I, II and III

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