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z [j _E laecon1.lyryx.com C 0 iii '5] Print Preferences Help Lab 6 (Question 5) Name: Harrison Ragone Date: 2021-03-21 Question 5 [6 points] Assume that the following data characterize a hypothetical eoonomy: money supply = $250 billion; quantity of money demanded for transactions = $210 billion; quantity of money demanded as an asset = $15 billion at 13 percent interest, increasing by $5 billion for each 2percentage point fall in the interest rate. a) What is the equilibrium interest rate? Equilibrium interest rate = 0% b) At the equilibrium interest rate, what is the quantity of money supplied? Money supplied = $0 billion I c) At the equilibrium interest rate, what is the total quantity of money demanded? Money demanded = $0 billion I d) At the equilibrium interest rate, what is the quantity of money demanded for transactions? Money demanded for transactions = $0 billion e) At the equilibrium interest rate, what is the quantity of money demanded as an asset? Money demanded as an asset = $0 billion Ofcial Time: 21:46:53 SUBMIT AND MARK SAVE AND CLOSE