If the Interest Rate Is Above the Equilibrium Value, The

question 1

Multiple Choice

If the interest rate is above the equilibrium value, the:

• A) demand for real balances exceeds the supply.
• B) supply of real balances exceeds the demand.
• C) market for real balances clears.
• D) demand for real balances increases.

---

Definitions:

Biosphere 2

An Earth system science research facility located in Oracle, Arizona, designed to explore the complex web of interactions within life systems under a controlled environment.

Nature

The inherent features, phenomena, and processes of the physical world, excluding human creations.

Environmental Worldviews

The underlying beliefs and values people hold regarding how the natural world should be viewed and managed.