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Business, 10.09.2019 00:30 Richelleypinelley

If the federal reserve increased the money supply by 4 percent per year, real gdp grew by 3 percent per year, and the rate of inflation was 3 percent per year, then velocity must have increased by approximately percent per year.
a. 1
b. 2
c. 3
d. 6

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If the federal reserve increased the money supply by 4 percent per year, real gdp grew by 3 percent...

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