Assume that the money demand function is (M/P)d = 2,200

Question

Assume that the money demand function is (M/P)d = 2,200 - 200r, where r is the interest rate in percent. The money supply M is 2,000 and the price level P is 2. The equilibrium interest rate is percent.
A)2
B)4
C)6
D)8

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The Answer of Assume that the money demand function is (M/P)d = 2,200 - 200r, where r is the interest rate in percent. The money supply M is 2,000 and the price level P is 2. The equilibrium interest rate is percent.
A)2
B)4
C)6
D)8