Thelong-run growth rate of real GDP for Canada is about 3.7%, and the expected real interest rate on 10 year government bonds has averaged about 2.9%.

a. If the growth rate of velocity is0%, and the rate of growth of the money supply is 5.3%, in the longrun, the nominal interest rate is ____%. (Round your response to one decimalplace.)

b. If the rate of growth of the money supply falls to 3.8%, in the longrun, the new nominal interest rate is _____%. (Round your response to one decimalplace.)

c. If the rate of growth of the money supply falls to 3.8% and, at the sametime, the growth rate of real GDP falls to 2.2%, in the longrun, the new nominal interest rate is _____%. (Round your response to one decimalplace.)