(Advanced analysis) Assume the equation for the total demand for money is L = 0.4Y + 80 - 41, where Lis the amount of money demanded, Yis gross domestic product, and i is the interest rate. If gross domestic product is $250 and the interest rate is 9 percent, what amount of money will society want to hold?

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter22: Money Growth And Inflation
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(Advanced analysis) Assume the equation for the total demand for money is L= 0.4 Y
+ 80 - 4i, where L is the amount of money demanded, Y is gross domestic product,
and i is the interest rate. If gross domestic product is $250 and the interest rate is 9
percent, what amount of money will society want to hold?
Multiple Choice
250.
144.
180.
168.
125.
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Transcribed Image Text:(Advanced analysis) Assume the equation for the total demand for money is L= 0.4 Y + 80 - 4i, where L is the amount of money demanded, Y is gross domestic product, and i is the interest rate. If gross domestic product is $250 and the interest rate is 9 percent, what amount of money will society want to hold? Multiple Choice 250. 144. 180. 168. 125. < Prev 9 of 40 Next >
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