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The table below provides the quantity of demanded money at a given nominal interest rate. Nominal interest rate(% per year) Quantity of money demanded(trillions of

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The table below provides the quantity of demanded money at a given nominal interest rate. Nominal interest rate(% per year) Quantity of money demanded(trillions of dollars) 8 0.7 6 0.9 4 1.1 1.3 Refer to the above table to answer the following. Make sure to provide a complete illustration. i) If the central bank supplies $1.1 trillion, what is the equilibrium nominal interest rate

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