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If velocity were constant at 2 while M2 rose from $3 trillion to $4 trillion in a single year, what would happen to nominal GOP?

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If velocity were constant at 2 while M2 rose from $3 trillion to $4 trillion in a single year, what would happen to nominal GOP? Instructions: Enter your responses rounded to two decimal places. Nominal GDP would rise by percent. If real GDP rose 4 percent, what would be the level of inflation? Inflation would equal percent

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