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Suppose that there is a financial crisis, and people choose to spend less.As a result, velocity drops by 5 percent.According to market monetarists, if the

Suppose that there is a financial crisis, and people choose to spend less.As a result, velocity drops by 5 percent.According to market monetarists, if the GDP target growth rate is 3 percent, the Fed would need to increase the money supply by ______________ percent in order to achieve their GDP target.

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