-The Above Table Has the Demand and Supply Schedules for Money.Real

question 21

Multiple Choice

-The above table has the demand and supply schedules for money.Real GDP increases and,as a result,the demand for money increases by $0.1 trillion at each level of the nominal interest rate.The new equilibrium interest rate is

• A)3 per cent.
• B)2 per cent.
• C)5 per cent.
• D)7 per cent.
• E)10 per cent.

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