Which of the following statements is true? A) An excess demand for cr
Which of the following statements is true?
A) An excess demand for credit exerts an upward pressure on the real rate of interest.
B) At rates of interest below the equilibrium rate, there is an excess supply of credit.
C) An excess supply of credit exerts an upward pressure on the real rate of interest.
D) At rates of interest above the equilibrium rate, there is an excess demand for credit.
ANSWER
A
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.