NO.PZ2016010802000144
问题如下:
The following exhibit shows the supply and demand for money:
There is an excess supply of money when the nominal rate of interest is:
选项:
A.I0.
B.I1.
C.I2.
解释:
B is correct.
When the interest rate on bonds is I1 there is an excess supply of money (equal to M0-M1>0) ). Economic agents would seek to buy bonds with their excess money balances, which would force the price of bonds up and the interest rate down to .
考点:MS & MD
解析: excess supply of money 是指货币供给MS超过了货币需求MD。
在本题中,水平方向上,MS>MD所对应的点是I1点,因此应该选B
纵轴是利率,当货币超发的时候应是利率下降,为什么不选利率较低的L2