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2. (3) Suppose that prior to time=2000, the growth rate of money and real income in both the USA and Britain was zero. Show the

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2. (3) Suppose that prior to time=2000, the growth rate of money and real income in both the USA and Britain was zero. Show the evolution over time of the money supply, interest rates, prices and USA $- British Pound exchange rates if for all years after 2000: a. (1) gt M,USA = gt M,BRI > 0 b. (1) gt M,USA = gt M,BRI = 0, M2000 = 2xM1999 c. (1) gt M,USA - 0, gt M,BRI =O

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