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Business, 10.09.2019 05:30 samanthasheets8006

If the equilibrium quantity of loanable funds is $50 billion and if the equilibrium nominal interest rate is 8 percent, then
a. there is an excess demand for loanable funds at a real interest rate of 8 percent.
b. there is an excess supply of loanable funds at a real interest rate of 6 percent.
c. the rate of inflation is approximately 14 percent.
d. the rate of inflation is approximately 2 percent.

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