kels2894 kels2894

12-03-2024
Business

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Suppose the velocity of money is 10 transactions per year, the price level for 2015 is $5, and real gdp in 2015 is $7,000,000. if output grows by 10%, what will money supply should the central bank set in 2016 if they want 5% inflation?

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Can someone help please??? Thank you!!!