lelocity in the country of Nemedia is always stable. In 2012, the money supply was $100 billion and real GDP was $300 billion. In 2013, the money upply increased by 10 percent, real GDP increased by 5 percent, and nominal GDP equalled $660 billion. By how much did the price level increase etween 2012 and 2013? elect one: croas out a. 9.50 percent cross out b. 4.76 percent cross od c. 2.38 percent Clo cross ouh d. 10.0 percent

lelocity in the country of Nemedia is always stable. In 2012, the money supply was $100 billion and real GDP was $300 billion. In 2013, the money upply increased by 10 percent, real GDP increased by 5 percent, and nominal GDP equalled $660 billion. By how much did the price level increase etween 2012 and 2013? elect one: croas out a. 9.50 percent cross out b. 4.76 percent cross od c. 2.38 percent Clo cross ouh d. 10.0 percent

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter28: Monetary Policy And Bank Regulation

Section: Chapter Questions

Problem 40P: All other things being equal, by how much will nominal GDP expand if the central bank Increases the...

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