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What will the inflation rate be

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If the money supply is growing at a rate of 5 percent peryear, real GDP(real output) is growing at a rate of 2 percent per year, and velocity is constant, what will the inflation rate be? (Enter your response as an integer value.)

If the money supply is growing at a rate of 5 percent per year, real GDP(real output) is growing at a rate of 2 percent per year, and velocity is growing at 2 percent per year instead of remaining constant, what will the inflation rate be? (Enter your response as an integer value.)

Reference no: EM131326360

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