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Business, 12.09.2021 01:50 andrespacheco5888

MC Qu. 36-46 (Algo) Answer the question... Answer the question based on the following information: For transactions, households and businesses want to hold an amount of money
equal to one-half of nominal GDP. The table shows the amounts of money they want to hold as an asset at various interest rates.
If nominal GDP is $300 and the supply of money is $170, the equilibrium interest rate will be
Interest
Rate
10%
Amount of Money Demanded
as an Asset
$20
40
ok
8
6
60
4
80
2
100
Multiple Choice

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Answers: 1

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