Answer each question in the pictureNominal gpd choices for both columns:79.00,80.00,2000,2020The money supply grew at a rate of: 0.5,1,1.25,101The velocity of money: increases, decreased, remains sameMoney supply was reflected: entirely, partially2018 to 2019 was: 0.5%,1%,1.25%,101%

X Back to Assignment Attempts Keep the Highest / 2 A-Z 2. Velocity and the quantity equation Consider a simple economy that produces only pens. The following table contains information on the economy's money supply, velocity of money, price level, and output. For example, in 2018, the money supply was $200, the price of a pen was $5.00, and the economy produced 400 pens. Fill in the missing values in the following table, selecting the answers closest to the values you calculate. Quantity of Money Price Level Quantity of Output Nominal GDP Year (Dollars) Velocity of Money (Dollars) (Pens) (Dollars) 2018 200 5.00 400 2019 202 10 400 The money supply grew at a rate of from 2018 to 2019. Since pen output did not change from 2018 to 2019 and the velocity of money , the change in the money supply was reflected in changes in the price level. The inflation rate from 2018 to 2019 was