Use the Following to Answer Questions

question 164

Multiple Choice

Use the following to answer questions.
Exhibit: The Money Market
-(Exhibit: The Money Market) If the rate of interest is below the equilibrium rate, there will be

• A) an excess demand for money and the interest rate will rise.
• B) an excess supply of money and the interest rate will fall.
• C) an excess demand for money and the interest rate will fall.
• D) an excess supply of money and the interest rate will rise.

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