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2.Suppose that the household nominal income for an economy is $50,000 billion and the demand for money in this economy is given by Md = ZY(0.2 - 0.8i) 2. (a) What is the demand for money when the interest rate is 1% and 5%? * Your answer 2. (b) What will be the impact on the demand for money if the nominal income declines by 20%? * Your answer 2. (c) What is the relationship between the demand for money and income and money demand and the interest rate? * Your