Figure 21-1 -Refer to Figure 21-1. There Is an Excess Demand for Excess

question 24

Multiple Choice

Figure 21-1
-Refer to Figure 21-1. There is an excess demand for money at an interest rate of

• A)2 percent.
• B)3 percent.
• C)4 percent.
• D)None of the above is correct.

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Definitions:

Common People

Refers to the average individuals in a society who are not part of the nobility, wealthy, or ruling classes, often working in agriculture or manual labor sectors.

Montesquieu

A French political philosopher of the Enlightenment era, best known for his theory of separation of powers.

Voltaire

Voltaire, the pen name of François-Marie Arouet, was a French Enlightenment writer, historian, and philosopher known for his advocacy of freedom of speech, separation of church and state, and civil liberties.