If in the money market the quantity of money demanded


If, in the money market, the quantity of money demanded exceeds the money supply, we would expect the interest rate to:

stay the same, causing no change in the money held by households and businesses

rise, causing households and businesses to hold more money

fall, causing households and businesses to hold more money

rise, causing households and businesses to hold less money

fall, causing households and businesses to hold less money

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Business Economics: If in the money market the quantity of money demanded
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