Assume that the desired reserve ratio is 10 percent and there are no excess reserves in the banking system.Also,suppose that the full-employment,non-inflationary level of GDP in this closed,private economy is $1,200.

-Refer to the above information.The equilibrium interest rate in this economy is:

Question

Assume that the desired reserve ratio is 10 percent and there are no excess reserves in the banking system.Also,suppose that the full-employment,non-inflationary level of GDP in this closed,private economy is $1,200.
 
-Refer to the above information.The equilibrium interest rate in this economy is:

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The Answer of Assume that the desired reserve ratio is 10 percent and there are no excess reserves in the banking system.Also,suppose that the full-employment,non-inflationary level of GDP in this closed,private economy is $1,200.
 
-Refer to the above information.The equilibrium interest rate in this economy is:

Assume That the Desired Reserve Ratio Is 10 Percent and There