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Student P X $ LCS Learn X MindTap X PDE ECN_351 X DE ECN_351 X paraphrasearch Te X D May bud( X Log In to X Search Re X Paraphras X https:/g.cengage.com/staticb/ui/evo/index.html?deploymentld=5984331885001331312624185366&eISBN=9780357133699&id=114359... to w Word T Download and Save... Course Materials DL with TubeOffline Other favorites Nathaniel v CENGAGE |MINDTAP Q Search this course ? My Home Topic 7 Assignment X Courses Attempts 2 2 Keep the Highest 2 / 4 Catalog and Study Tools 4 . Problems and Applications Q1 A-Z Partner Offers Suppose that this year's money supply is $500 billion, nominal GDP is $10 trillion, and real GDP is $5 trillion. Rental Options The price level is , and the velocity of money is College Success Tips Suppose that velocity is constant and the economy's output of goods and services rises by 3 percent each year. Use this information to answer the Career Success Tips questions that follow. You are eligible for a FREE 7- If the Fed keeps the money supply constant, the price level will , and nominal GDP will day trial of Cengage Unlimited or Cengage Unlimited eTextbooks True or False: If the Fed wants to keep the price level stable instead, it should keep the money supply unchanged next year. O True bongo Try for Free Learn more O False Help If the Fed wants an inflation rate of 12 percent instead, it should the money supply by % . (Hint: The quantity equation can be rewritten as the following percentage change formula: Give Feedback (Percentage Change in M) + (Percentage Change in V) = (Percentage Change in P) + (Percentage Change in )).) 8 BNOO HECWO 1:20 PM Type here to search O 5/18/2021 E