What amount of money will society want to hold, Microeconomics

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What amount of money will society want to hold

Problem

Assume the equation for the total demand for money is L = 0.4Y + 80 - 4l where L is the amount of money demanded, gross domestic product, and is the interest rate (entered as the percentage in whole numbers). If gross domestic product is $500 and the interest rate is 4 percent, what amount of money will society want to hold?

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Microeconomics: What amount of money will society want to hold

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