Question: The table below describes two different demands for money and the supply of money. Answer the following questions based on this table. Instructions: Enter your

The table below describes two different demands for money and the supply of money. Answer the following questions based on this table. Instructions: Enter your answers as a whole number. Total Demand for Money Price of Money Money Supply Demand 1 Demand 2 Total Money Demand 1 $400 $150 $350 $ 2 400 150 300 3 400 150 250 4 400 150 200 5 400 150 100 a. What is the price of money? multiple choice 1 interest rate inflation rate consumer price index production rate b. What type of demand for money does Demand 1 represent? multiple choice 2 unit-of-account demand asset demand total demand transaction demand c. What type of demand for money does Demand 2 represent? multiple choice 3 transaction demand asset demand unit-of-account demand total demand d. Complete the "Total Money Demand" column in the above table

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