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Business, 15.11.2019 02:31 fluffyanimal456

Consider nominal gdp is 1500 and the money supply is 400. instructions: enter numerical values to two decimal places. a) what is the velocity? v = 3.75 b) if nominal gdp rises to 1600, but the money supply does not change, how has velocity changed? velocity will (increase/decrease) increases by 4-3.75 to v = 0.25 c) if gdp now falls back to 1500 and the money supply falls to 350, what is velocity? v = 4.29

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