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Question 2 {1.25 points] Which of the following ideas does the ciassfcot' dichotomy refer to? O The supply of money is a determinant of both
Question 2 {1.25 points] Which of the following ideas does the ciassfcot' dichotomy refer to? O The supply of money is a determinant of both real and nominal variables. O The supply of money is irrelevant for understanding the determinants of nominal and real variables. O The supply of money determines nominal variables, but not real variables. O The supply of money determines real variables, but not nominal variables. Question 3 {1.25 points] Velocity in the country of Nanoland is always stable. In 2013, the money supply was $200 billion and the GDP price deator was four times as high as it was in the base year. In 2019, the money supply increased to $24!] bilhon, the price level increased by 15 percent, and nominal GDP equalled $120!] billion. By how much did real GDP increase between 24313 and 2019
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