How much did the price level between 2001 and 2002 ?
The money supply in freedoia is 100 billion.Nominal GDP is 800 billion and real gdp is 200 billion w Show more The money supply in freedoia is 100 billion.Nominal GDP is 800 billion and real gdp is 200 billion what are the price level and velocity in freedonia ? The money supply in freedonia is 200 billion.Nomial GDP is 800 billion and real gdp is 400 billion. Assuming that velocity is stable if real gdp grows by 10 percent this year and if the money supply dose not change this year then the price level will fall ? Velocity in the country of nemedia is always stable.In 2001the money supply was 100 billion and real GDP was 300 billion .in 2002the money supply increse by 10 percentreal GDP increased by 5 percent and nominal GdP equaled 660 billion.by How much did the price level between 2001 and 2002 ? Show less