Figure 15-1 -Refer to the Figure 15-1.At an Interest Rate of 4

Multiple Choice

Figure 15-1

-Refer to the Figure 15-1.At an interest rate of 4 percent,how much is the excess money demand or supply?

A) There is an excess money demand equal to the distance between a and b.
B) There is an excess money demand equal to the distance between b and c.
C) There is an excess money supply equal to the distance between b and a.
D) There is an excess money supply equal to the distance between c and b.