. 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.