For the Following Questions, Consult the Diagram Below

question 34

Multiple Choice

For the following questions, consult the diagram below:
Figure 34-1

-Refer to Figure 34-1.Which of the following is correct?

• A)If the interest rate is 4 percent, there is excess money demand, and the interest rate will fall.
• B)If the interest rate is 3 percent, there is excess money supply, and the interest rate will rise.
• C)If the interest rate is 4 percent, the demand for goods will rise when the money market is in its new equilibrium.
• D)None of the above is correct.

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Definitions:

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