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Interest Rates and the Opportunity Costs of Holding MoneyInterest Rate (%)Money Demand($ ...

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Interest Rates and the Opportunity Costs of Holding MoneyInterest Rate (%)Money Demand($ ...

Interest Rates and the Opportunity Costs of Holding Money

Interest Rate (%)	Money Demand ($ millions)	Money Supply ($ millions)
12	500	900
6	900	900
3	1300	900

According to the data in the table, if the interest rate is 3% there is an excess ________.

▸ demand for money of $800 million

▸ supply of money of $400 million

▸ supply of money of $800 million

▸ demand for money of $400 million

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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renielle Author

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Thank you, thank you, thank you!

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