2. Consider the non-equilibrium situation in the money market. Suppose that the adjustment process toward the equilibrium increases MS/P L. Answer if the current interest rate is higher or lower than the equilibrium interest rate, and if people buy or sell non-monetary assets in the process. Interest rate! Buy or Sell non-monetary assets! Fig. 15-3: Determination of the Eguilibrium Interest Rate Interest rate, Fl Real money supply Aggregate real money demand, L077 P - Real money holdings