5. Inflation and the quantity theory: Suppose velocity is constant, the growth rate of real GDP is 3% per year, and the growth rate of money is 5% per year. Calculate the long-run rate of ination according to the quantity theory in each of the following cases: (a) What is the rate of ination in this baseline case? (b) Suppose the growth rate of money rises to 10% per year. (c) Suppose the growth rate of money rises to 100% per year. ((1) Back to the baseline case, suppose real GDP growth rises to 5% per year. (e) What if real GDP growth falls to 2% per year? (f) Return to the baseline case and suppose the velocity of money rises at 1% per year. What happens to ination in this case? Why might velocity change in this fashion