Velocity in the country of Aquilonia is always stable. In 2012, the money supply was $100 billion, nominal GDP was $500 billion, and the real interest rate was 3 percent. In 2013, the money supply was $105 billion, and real GDP did not change from its level in 2012. What was the approximate nominal interest rate in 2013? [THIS QUESTION IS CHALLENGING BUT HERE ARE SOME CLUES: Begin with the quantity of money equation, monetary neutrality and classical dichotomy - figure out the inflation rate. Then bring in the Fisher effect to figure out what the nominal interest rate is] Select one: O 11 percent O 8 percent O 5 percent O 3 percent