Question: If velocity were constant at 2 while M2 rose from $3 triltion to $5 trillion in a single year, what would happen to nominal GDP?

If velocity were constant at 2 while M2 rose from $3 triltion to $5 trillion in a single year, what would happen to nominal GDP? Instructions: Enter your responses rounded to two decimal places. Nominal GDP would rise by * percent. If real GDP rose 4 percent, what would be the level of infiation? Inflation would equal * percent

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