The velocity of money in the small Republic of Sleagia is always the same. Last year, the money sepply was 59 billion and real GDP was 5 I1 billion. This year, the money supply increased by 6 percent, real GDP by 42 pereent, and sominal GDP is S 19 billien Calculate the velocity of money Number The price level last year, Number The Price level this year Number The inflation rate. Number
The velocity of money in the small Republic of Sleagia is always the same. Last year, the money sepply was 59 billion and real GDP was 5 I1 billion. This year, the money supply increased by 6 percent, real GDP by 42 pereent, and sominal GDP is S 19 billien Calculate the velocity of money Number The price level last year, Number The Price level this year Number The inflation rate. Number
Chapter1: Making Economics Decisions
Section: Chapter Questions
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