The total demand for money is equal to the transactions demand plus the asset demand for money

Interest rate (\"15) c 3 a 1'0 12f]I 17D Amount of money Investment (5) demanded and supplied {5) (A) (B) Price Level The total demand for money is equal to the transactions demand plus the asset demand for money. 1. Assume that each dollar held for transactions purposes is spent on the average 2 times per year to buy nal goods and services. If nominal GDP is 1,200 billion dollars, what is the transaction's demand for money? Number 2. The table below shows the asset demand at certain rates of interest. Using your answer to part '1, complete the table to show the total demand for money at various rates of interest. Interest rate Asset. demand Total demand [in EA} [billions] [billions] 12 50 ' Number ' 1U 90 ' Number ' 8 139 ' Number ' 6 1?CI ' Number