Multiple Choice
Which of the following statements is true?
A) An excess supply of credit exerts an upward pressure on the real rate of interest.
B) An excess demand for credit exerts an upward pressure on the real rate of interest.
C) At rates of interest below the equilibrium rate, there is an excess supply of credit.
D) At rates of interest above the equilibrium rate, there is an excess demand for credit.
Correct Answer:
Verified
Correct Answer:
Verified
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