onsider the following information for a hypothetical economy.

Year $1$ Money Supply $=$$$200$ billion

LT annual growth of RGDP $=2\%$

Velocity of money $=3$

suppose that velocity is constant and the economy Is initially operating at its FE level of RGDP

$18.$ What is the level of nominal GDP in year $1$

$19.$ Suppose the FED adheres to a monetary rule. What will the FED have to do to the money supply between years $1$&$2$ to keep P constant?

$20.$ What policies are available to the FED to accomplish the necessary change in the money supply?