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Assuming that GDP is fixed, fill in the missing values for Total Amount of Money Demanded Transactions demand = 1,750 Money Supply 1 (Ms1) = 3,550...
Assuming that GDP is fixed, fill in the missing values for Total Amount of Money Demanded
Transactions demand = 1,750
Money Supply 1 (Ms1) = 3,550
Money Supply 2 (Ms2) = 4,150
Rate of Interest: 23%
Money Demanded for asset purposes: 600
Total Amount of Money Demand: ______
Rate of Interest: 21%
Money Demanded for asset purposes: 1200
Total Amount of Money Demand: ______
Rate of Interest: 19%
Money Demanded for asset purposes: 1800
Total Amount of Money Demand: ______
Rate of Interest: 17%
Money Demanded for asset purposes: 2400
Total Amount of Money Demand: ______
Rate of Interest: 15%
Money Demanded for asset purposes: 3000
Total Amount of Money Demand: ______
At money supply Ms1, the equilibrium interest rate is:______
At money supply Ms2, the equilibrium interest rate is:______