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Refer to the Given Figure

Question 123

Multiple Choice

Refer to the given figure. Refer to the given figure. Based on the diagram, the nominal interest rate equals ________ and the money supply equals ________. A) 7 percent; 300 B) 1 percent; 500 C) 5 percent; 500 D) 3 percent; 700 Based on the diagram, the nominal interest rate equals ________ and the money supply equals ________.


A) 7 percent; 300
B) 1 percent; 500
C) 5 percent; 500
D) 3 percent; 700

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