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Business, 03.05.2021 14:50 abdirahmansoloman

When the interest rate is above the equilibrium level, a. the quantity of money that people want to hold is less than the quantity of money that the Federal Reserve has supplied. b. people respond by buying interest-bearing bonds or by depositing money in interest-bearing bank accounts. c. bond issuers and banks respond by lowering the interest rates they offer. d. All of the above are correct.

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When the interest rate is above the equilibrium level, a. the quantity of money that people want to...
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