Business, 17.12.2019 00:31 juliannabartra

1. consider the following hypothetical data for 2015 and 2016: 2015 2016 money supply 1,000 1,050 velocity 8 8 real gdp 12,000 12,000 a. find the price level for 2015 and 2016. what is the rate of inflation between the two years? b. what is the rate of inflation between 2015 and 2016 if the money supply in 2016 is 1,100 instead of 1,050? c. what is the rate of inflation between 2015 and 2016 if the money supply in 2016 is 1,100 and output in 2016 is 12,600?

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1. consider the following hypothetical data for 2015 and 2016: 2015 2016 money supply 1,000 1,050 v...