International data suggests that
a. convergence is not taking place.
b. convergence is taking place among poor countries but not among rich countries.
c. convergence is taking place among all countries.
d. convergence is taking place among rich countries but not among poor countries.
D
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The __________ serve to allocate financial resources among households and firms requiring funds.
Fill in the blank(s) with the appropriate word(s).
In the figure above, if the interest rate is 6 percent
A) there is a $0.1 trillion excess quantity of money and the interest rate will rise. B) there is a $0.1 trillion excess quantity of money and the interest rate will fall. C) the money market is in equilibrium and the interest rate will remain constant. D) there is a $0.1 trillion excess demand for money and the interest rate will rise.