By using the provided problem...The objective is to understand the function of money supply

PROBLEM 1 Suppose that this year's money supply is $500 billion, nominal GDP is $10 trillion, and real GDP is $5 trillion. 1. The price level is and the velocity of money is Suppose that velocity is constant and the economy's output of goods and services rises by 2 percent each year. Use this information to answer the questions that follow. 2. If the Fed keeps the money supply constant the price level will (W W and the nominal GDP will (WW Sam) 3. True or False: If the Fed wants to keep the price level stable instead, it should decrease the money supply by 2% next year. 4. If the Fed wants an ination rate of 9 percent instead, it should (W the money supply by %