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Suppose that money demand is given by M = $Y(0.30-1) where $ Y is $250 and i denotes the interest rate in decimal form. Also,

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Suppose that money demand is given by M" = $Y(0.30-1) where $ Y is $250 and i denotes the interest rate in decimal form. Also, suppose that the supply of money is $50. Calculate the equilibrium interest rate as a percent. The equilibrium interest rate is %. (Round your response to two decimal places.)

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