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Suppose we have yearly consumer price index (CPI) in 2021 equals 275 and CPI in 2022 is 282. Based on the Real GDP Growth Rate
Suppose we have yearly consumer price index (CPI) in 2021 equals 275 and CPI in 2022 is 282. Based on the Real GDP Growth Rate you get from (1), what is the value of yearly Nominal GDP Growth Rate from 2021 to 2022? Here inflation rate can be derived from yearly CPI. For classical economists, which variable the Nominal GDP or Real GDP, is affected by changes of money supply in the long-run, and why?
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