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I need this answers Category: $ (in Billions) Consumption $350 Investment $150 Government Spending $75 Government Transfers $50 Exports $75 Imports 96 100 The table

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Category: $ (in Billions) Consumption $350 Investment $150 Government Spending $75 Government Transfers $50 Exports $75 Imports 96 100 The table above provides a picture of the the economy of a ctional country of EconLand. a) What is nominal GDP of EoonoLand? b) Suppose that this year's money supply is $20 billion and real GDP is $275 billion. What is the price level? What is the velocity of money? c) Suppose that velocity is constant, the money supply M2 doubles to $40 billion, and the economy's output of goods and services rises to $343.75 billion. What does this mean will happen to the economy? Explain. (Hint: Think price level). d) What money supply would the Bank of Canada like to set next year if it wants to keep the price level stable? Explain how the Bank of Canada could accomplish this goal. Why this is challenging for the Bank of Canada at times

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