Question: If velocity were constant at 2 while M2 rose from $5 trillion to $6 trillion in a single year, what would happen to nominal GDP?

If velocity were constant at 2 while M2 rose from $5 trillion to $6 trillion in a single year, what would happen to nominal GDP? If real GDP rose 3 percent, what would be the level of inflation?

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If velocity were constant at 2, while M2 rose from $5 trillion to $6 trillion in a single year, what would happen to nominal GDP If real GDP rose 4%, what would be the level of inflation?

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