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Can you assist with this problem. telliDealer (DP https://portal.cnh.c... SRME Central Sales Department -... M Macdon DP CaselH Bourgault LifeWorks , Part B i Saved

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telliDealer (DP https://portal.cnh.c... SRME Central Sales Department -... M Macdon DP CaselH Bourgault LifeWorks , Part B i Saved In the country of Juventus, the money supply is equal to $50 (billion), the velocity of circulation is 5, and real GDP is $125 (billion). a. What is the price level in Juventus, and what is the value of its nominal GDP? Round your price level to 2 decimal places. Price level: Nominal GDP: b. If money supply increases by 18 percent, what will be the new values of the price level and nominal GDP, assuming that V and real GDP remain constant? Round your price level to 2 decimal places. Price level: Nominal GDP: c. What does this suggest about the connection between money supply and price level? The relationship between money supply and price level in this case is (Click to select)

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