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prpnum1 prpnum1
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A year ago
Which of the following statements is TRUE?

▸ An excess demand for credit exerts an upward pressure on the real rate of interest.

▸ At rates of interest above the equilibrium rate, there is an excess demand for credit.

▸ An excess supply of credit exerts an upward pressure on the real rate of interest.

▸ At rates of interest below the equilibrium rate, there is an excess supply of credit.
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Macroeconomics

Macroeconomics


Edition: 3rd
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sharonfaith31sharonfaith31
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A year ago
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prpnum1 Author
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A year ago
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