d. Recall that the Equation of Exchange, MV = PY, implies that % % % %M V P Y + = + where % stands for percentage change (i.e., the rate of growth). As we have seen, during the Civil War, both the Union and the Confederacy effectively saw no growth in real output while their price levels grew faster than did their stocks of money. What does this tell you about the behavior of velocity in the Equation of Exchange? Why