Assume that real money demand (M/P) is related to income as follows: (M/P)D = .04Y a. What is the velocity of money in this case? b. Suppose nominal money supply (M) equals 100. What is the value of nominal GDP? c. What would happen to the price level if people started holding five percent of their income in the form of money, rather than four percent (increase, decrease or no effect)? Explain.