The quantity of money people are willing and able to hold at alternative interest rates,ceteris paribus,is known as the

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The quantity of money people are willing and able to hold at different interest rates is known as the demand for money. It represents the willingness of individuals to hold money for transactions and speculative purposes, and is affected by factors such as income, wealth, inflation expectations, and technology. The supply of money, on the other hand, is determined by the actions of monetary authorities such as the central bank, which affect the total amount of money in circulation. The equilibrium of money refers to the point where the demand for money and the supply of money intersect, which determines the prevailing interest rate in the economy.

The Quantity of Money People Are Willing and Able to Hold