Assume that the following data characterize a hypothetical economy: money supply = $250 billion; quantity of money demanded for transactions = $215 billion; quantity of money demanded as an asset = $15 billion at 9 percent interest, increasing by $10 billion for each 2-percentage point fall in the interest rate.

Question 5 [6 points] Assume that the following data characterize a hypothetical economy: money supply = $250 billion; quantity of money demanded for transactions = $215 billion; quantity of money demanded as an asset = $15 billion at 9 percent interest, increasing by $10 billion for each 2-percentage point fall in the interest rate. a) What is the equilibrium interest rate? Equilibrium interest rate = E% b) At the equilibrium interest rate. what is the quantity of money supplied? Money supplied = $ billion c) At the equilibrium interest rate, what is the total quantity of money demanded? Money demanded = $m billion d) At the equilibrium interest rate, what is the quantity of money demanded for transactions? Money demanded for transactions = $ billion e) At the equilibrium interest rate, what is the quantity of money demanded as an asset? Money demanded as an asset = $ billion