Money and Banking homework questions

the questions are in the attached file

velocity and aggregate output remain constant at 5 and $1 090 billion , respectively , what happens to the price level if the money supply declines from $400 billion to $300 billion ppens to the 2 . What happens to nominal GDP if the money supply grows by 20 % but velocity declines by 309% 3 . suppose the liquidity preference function is given by L ( in 1090 Use the money demand equation along with the following table of values , to calculate the ateth velocity for each period Period Period Period Period Period Period Period Interest rate 0.05 0.07 0 03 0.05 0.07 0.04 0.06 Period 1 Period 2 Period 3 Period 4 Period 5 Period 6 Period ? ( in billions ) 12090 12.500 12.250 12,500 2.800 13.000 13. 200 Interest Rate 0 0 0. 07 0 03 DO 0 07 0 04 0.06