Refer to the Above Table

Multiple Choice

Refer to the above table.Suppose the transactions demand for money is equal to 20 percent of the nominal GDP, the supply of money is $800 billion, and the asset demand for money is that shown in the table.If the nominal GDP is $2000 billion, the equilibrium interest rate is:

A) 4 percent.
B) 5 percent.
C) 6 percent.
D) 7 percent. Refer to the above table.Suppose the transa.