please answer the following questions below

Worksheet 35.1: Quantity Theory of Money Answer the following questions about the quantity theory of money in the space provided. 1. Dene each of the components of the quantity theory of money. M: V: PY: 2. Suppose velocity remains constant while the money supply increases. How will this impact nominal GDP? 3. The money supply equals $9,000 billion and velocity of money is 3. If real GDP is 4,000 billion, then what is the price level? 4. The money supply equals $4,000 and velocity of money is 4. The government budget is $800, consumers spend $3,000 and investors spend $1,000. What is nominal GDP