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
Answer the question based on the following information: For transactions, households and businesses want to hold an amount of money equal to onehalf 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 $ and the supply of money is $ the equilibrium interest rate will be
tabletableInterestRatetableAmount of MoneyDemanded as an Asset$
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