(Figure: Money Market I) Use Figure: Money Market I. If the money market is initially in equilibrium at point E, and the central bank sells Treasury bills, then the interest rate will: Macmillan Learning Interest rate, r M H 'TH Equilibrium - Equilibrium interest m YE rate L IL M MH M M, Quantity of money shift rightward, move toward rL. O remain at rE, O move toward rH