Courses Attempts Keep the Highest / 2 Catalog and Study Tools 10. Using money creation to pay for government spending Rental Options Consider Kharkeez, a hypothetical country that produces only cakes. In 2019, a cake is priced at $4.00. College Success Tips Career Success Tips Complete the first row of the table with the quantity of cakes that can be bought with $300. ? Help Hint: In this problem, assume it is not possible to buy a fraction of a cake, and always round down to the nearest whole cake, For example, if your calculations result in 1.5 cakes, the answer should be 1 cake. Give Feedback Price of a Cake Cakes Bought with $300 Year (Dollars) (Quantity) 2019 4.00 2020 Suppose the government of Kharkeez cannot raise sufficient tax revenue to pay its debts. In order to meet its debt obligations, the government prints money. As a result, the money supply rises by 20% by 2020. Assuming monetary neutrality holds, complete the second row of the table with the new price of a cake and the new quantity of cakes that can be bought with $300 in 2020. The impact of the government's decision to raise revenue by printing money on the value of money is known as the