Use the following to answer questions:
Figure: Equilibrium in the Money Market 
-(Figure: Equilibrium in the Money Market) Refer to Figure: Equilibrium in the Money Market. If the interest rate is above equilibrium, there will be an excess _____ money and the interest rate will _____.
Definitions:
Q38: A high inflation rate leads people to
Q46: The recommendation that a decrease in taxes
Q46: Contractionary fiscal policy includes:<br>A) decreasing taxes.<br>B) decreasing
Q113: If the real money supply is $500
Q114: Suppose that the reserve ratio is 20%.
Q118: To close an inflationary gap with fiscal
Q132: The demand curve for money will shift
Q149: The short-run Phillips curve is:<br>A) upward sloping
Q224: In the long run, the interest rate
Q277: In the income-expenditure model, expansionary monetary policy