Question
The money supply in Freedonia is $200 billion. Nominal GDP is $800 billion and real GDP is $400 billion. Assuming that velocity is stable, if real GDP grows by 10 percent this year, and if the money supply does not change this year, what is the change of price level?
Answers
what is the answer
Related Questions
If nominal GDP is $300 billion and the money supply is $20 billion, What must be the velocity? (b)If...
(Monetary Control) Suppose the money supply is currently $500 billion and the Fed wishes to increas...
Suppose nominal GDP in year 1 was $100 billion and in year 2 it was $260 billion. The general price...