Multiple Choice
-In the above figure, if the interest rate is 8 percent per year, the quantity of money demanded is
A) less than the quantity of money supplied and the interest rate will change.
B) greater than the quantity of money supplied and the interest rate will change.
C) less than the quantity of money supplied and the demand curve for money will shift.
D) greater than the quantity of money supplied and the demand curve for money will shift.
E) greater than the quantity of money supplied and the supply curve of money will shift.
Correct Answer:
Verified
Correct Answer:
Verified
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