lottie2306
lottie2306
30.06.2021 • 
Business

The velocity of circulation is growing at 2 percent a​ year, the real interest rate is 2 percent a​ year, the nominal interest rate is 6 percent a​ year, and the growth rate of real GDP is 2 percent a year. Calculate the inflation​ rate, the growth rate of​ money, and the growth rate of nominal GDP.

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