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It is assumed that households and businesses want to hold for transactions purposes an amount of money equal to one-half of the GDP. The equation

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It is assumed that households and businesses want to hold for transactions purposes an amount of money equal to one-half of the GDP. The equation D_a = 500 - 10*i, where D_a is the demand for asset demand for money, i is interest rate in percentage terms (e.g. i=1 if interest rate is 1 percent), shows the amounts of money that households and businesses want to hold as an asset at various interest rates. If the GDP is $232 and the supply of money is $488, the equilibrium interest will be _____________ percent

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