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(Advanced analysis) Assume the equation for the total demand for money is L = 0.4Y + 80 - 4l where L is the amount of

(Advanced analysis) Assume the equation for the total demand for money is L = 0.4Y + 80 - 4l where L is the amount of money demanded, gross domestic product, and is the interest rate (entered as the percentage in whole numbers). If gross domestic product is $500 and the interest rate is 4 percent, what amount of money will society want to hold? A)500 B)240 C)280 D)264

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