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If velocity were constant at 1.5 while M2 rose from $11 trillion to $12 trillion in...

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Economics

If velocity were constant at 1.5 while M2 rose from $11 trillion to $12 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.01:43:06If GDP rose 2.09 percent, what would be the level of inflation?Inflation would equal percent.A

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