Velocity in the country of Ne media is always stable. In 2012, the money supply was $100
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Velocity in the country of Ne media is always stable. In 2012, the money supply was $100 billion and real GDP was $300 billion. In 2013, the money supply increased by 10 percent, real GDP increased by 5 percent, and nominal GDP equaled $660 billion. By how much did the price level increase between 2012 and 2013?
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