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Chrome File Edit View History Bookmarks People Tab Window Help $ 85% Sun 3:27 AM Q E . . . Lab 6 (Question 5) ~ Lyryx Learning Inc laecon1.lyryx.com/student-servlets/LabServlet?ccid=3693 lyryx advancing earning Print Preferences Help Lab 6 (Question 5) Name: Rawan Abbas Date: 2020-07-12 Question 5 [6 points] Assume that the following data characterize a hypothetical economy: money supply = $100 billion; quantity of money demanded for transactions = $75 billion; quantity of money demanded as an asset = $10 billion at 11 percent interest, increasing by $5 billion for each 2-percentage point fall in the interest rate. a) What is the equilibrium interest rate? Equilibrium interest rate = 0% b) At the equilibrium interest rate, what is the quantity of money supplied? Money supplied = $0 billion c) At the equilibrium interest rate, what is the total quantity of money demanded? Money demanded = $0 billion d) At the equilibrium interest rate, what is the quantity of money demanded for transactions? Money demanded for transactions = $0 billion e) At the equilibrium interest rate, what is the quantity of money demanded as an asset? Money demanded as an asset = $0 billion Official Time: 3:27:34 SUBMIT AND MARK SAVE AND CLOSE JUL 12 TALK