-Using the graph above, answer the following questions.
a. Which interest rate would result in an excess demand for money? What would eventually happen to the interest rate?
b. Which interest rate would result in an excess supply for money? What would eventually happen to the interest rate?
Definitions:
Foreign City
Refers to a city that is located outside of one's own country, often implying unfamiliarity or exoticism.
Landmarks
Landmarks are recognizable natural or man-made features used for navigation, often serving as symbols or historical markers of a location.
Misinformation Effect
The phenomenon where a person's recall of episodic memories becomes less accurate because of post-event information.
Memory
The faculty by which the mind stores and remembers information, allowing learning and adaptation from past experiences.
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