Multiple Choice
When the nominal interest rate is ________ the equilibrium interest rate, the quantity of money demanded is less than the quantity of money supplied; when the nominal interest rate is ________ the equilibrium interest rate, the quantity of money demanded exceeds the quantity of money supplied.
A) less than; greater than
B) equal to; less than
C) greater than; equal to
D) greater than; less than
E) equal to; greater than
Correct Answer:
Verified
Correct Answer:
Verified
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