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-Refer to the Above Table

Question 182

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 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.

Correct Answer:

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