Multiple Choice
Which of the following statements is correct regarding an interest rate above equilibrium?
A) It will result in a shortage of money in the money market.
B) It will result in a surplus of money in the money market.
C) It is a result of people demanding too much money.
D) It is a result of people demanding too little money.
E) It is the normal state of affairs.
Correct Answer:
Verified
Correct Answer:
Verified
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