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If velocity were constant at 2 while M2 rose from $5 trillion to $10 trillion in a single year, what would happen to nominal GDP?
If velocity were constant at 2 while M2 rose from $5 trillion to $10 trillion in a single year, what would happen to nominal GDP?
Instructions: Enter your responses rounded to two decimal places.
Nominal GDP would rise by percent.
If real GDP rose 3 percent, what would be the level of inflation?
Inflation would equal percent.
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