Consider the following table:

$\begin{array} { | c | c | c | c | }
\hline \begin{array} { c }
\text { Interest } \
\text { rate } \%
\end{array} & \begin{array} { c }
\text { Transaction demand } \
\text { for money }
\end{array} & \begin{array} { c }
\text { Asset demand for } \
\text { money }
\end{array} & \begin{array} { c }
\text { Money } \
\text { supply }
\end{array} \
\hline 2 & \$ 220 & \$ 300 & \$ 460 \
\hline 4 & 220 & 280 & 460 \
\hline 6 & 220 & 260 & 460 \
\hline 8 & 220 & 240 & 460 \
\hline 10 & 220 & 220 & 460 \
\hline
\end{array}$
-At equilibrium in the money market,the total quantity of money demanded is:

Question

Consider the following table:

$\begin{array} { | c | c | c | c | } 
\hline \begin{array} { c } 
\text { Interest } \
\text { rate } \%
\end{array} & \begin{array} { c } 
\text { Transaction demand } \
\text { for money }
\end{array} & \begin{array} { c } 
\text { Asset demand for } \
\text { money }
\end{array} & \begin{array} { c } 
\text { Money } \
\text { supply }
\end{array} \
\hline 2 & \$ 220 & \$ 300 & \$ 460 \
\hline 4 & 220 & 280 & 460 \
\hline 6 & 220 & 260 & 460 \
\hline 8 & 220 & 240 & 460 \
\hline 10 & 220 & 220 & 460 \
\hline
\end{array}$
-At equilibrium in the money market,the total quantity of money demanded is:

Quizplus · Accepted Answer

At equilibrium in the money market, the total quantity of money demanded equals the money supply. According to the table, the money supply is $460 at all interest rates, indicating that at equilibrium, the total quantity of money demanded is also $460.

Consider the Following Table -At Equilibrium in the Money Market,the Total Quantity of Money