The table below describes two different demands for money and the supply of money. Answer the following questions based on this table. Instructions: Enter your answers as a whole number. Total Demand for Money Price of Money Money Supply Demand 1 Demand 2 Total Money Demand 1 $400 $300 $150 $ 2 400 250 150 3 400 200 150 400 150 150 5 400 100 150 a. What is the price of money? O Consumer Price Index O Interest rate O Inflation rate O Production rate b. What type of demand for money does Demand 1 represent? O Unit-of-account demand O Asset demand O Total demand O Transaction demand c. What type of demand for money does Demand 2 represent? O Total demand O Unit-of-account demand O Transaction demand O Asset demand d. Complete the "Total Money Demand" column in the above table.

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The following table shows a money demand schedule, which is the quantity of money demanded at various price levels (PP). Fill in the Value of Money column in the following table. Price Level (P) Value of Money (1/P) Quantity of Money Demanded 1.00      1.5 1.33      2.0 2.00      3.5 4.00      7.0   Now consider the relationship between the price level and the quantity of money that people demand. The lower the price level, the (a. more, b. less) money the typical transaction requires, and the (a. more, b. less) money people will wish to hold in the form of currency or demand deposits.   Assume that the Fed initially fixes the quantity of money supplied at $3.5 billion. Use the orange line (square symbol) to plot the initial money supply (MS1) set by the Fed. Then, referring to the previous table, use the blue connected points (circle symbol) to graph the money demand curve.   (Graph in image)   According to your graph, the equilibrium value of…

The asset demand for money 'Da' is shown in the graph below. The transactions demand for money is $50 billion. The supply of money is $150 billion. a. Show graphically the total demand for money and the supply of money for this economy. Instructions: Use the tools provided 'Dm' and 'Sm' to draw the total-demand-for-money curve (Dm) and the money supply curve (Sm) for this economy. Plot only the endpoints of the line. Your Graph Score: 0% Rate of interest (percent) 14 12 10 8 6 4 2 0 S m Dm 50 100 150 200 250 300 350 Amount of money demanded (billions of dollars) Instructions: Enter your answer as a whole number. b. What is the equilibrium interest rate? percent Dm Sm

It’s a simple math for finance class in high school. Answer question a,b and c. Please explain everything simply and do all the math steps. Im doing test corrections and I need it step by step. Thank you! And explain what you are doing

The asset demand for money 'Da' is shown in the graph below. The transactions demand for money is $50 billion. The supply of money is $150 billion. a. Show graphically the total demand for money and the supply of money for this economy. Instructions: Use the tools provided 'Dm' and 'Sm' to draw the total-demand-for-money curve (Dm) and the money supply curve (Sm) for this economy. Plot only the endpoints of the line. 14 Tools 12 Dm Sm 10 8 6 D. 50 100 150 200 250 300 350 Amount of money demanded (billions of dollars) Instructions: Enter your answer as a whole number. b. What is the equilibrium interest rate? percent Rate of interest (percent)

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The accompanying table shows the price and yearly quantity sold of souvenir t-shirts in the town of Crystal Lake, according to the average income of the tourists visiting. Price Qty. Demanded with Average Income of $20,000 Qty. Demanded when Average Income is $30,000 $4 3,000 5,000 $5 2,400 4,200 $6 1,600 3,000 $7 800 1,800   Using the midpoint method, calculate the price elasticity of demand when the price of a t-shirt rises from $5 to $6 and the average tourist income is $20,000. Also, calculate it when the average tourist income is $30,000. Using the midpoint method, calculate the income elasticity of demand when the price of a t-shirt is $4 and the average tourist income increases from $20,000 to $30,000. Also calculate it when the price is $7.