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# 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 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

The answer is D Reason if the nominal interest rate is less than the equilibrium... View the full answer

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