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Question 42 (1 point) Suppose the supply of money, measured by M1, is $2.4 trillion, output, measured by real GDP, is $16.4 trillion, and the
Question 42 (1 point) Suppose the supply of money, measured by M1, is $2.4 trillion, output, measured by real GDP, is $16.4 trillion, and the velocity of money is 9.3. Suppose the supply of money increases to $4.9 trillion but GDP and the velocity of money do not change. What is the percent by which prices change? Provide your answer as a percentage rounded to two decimal places. Do not include any symbols, such as "$," "%," or ", " in your answer. Your
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