In the economy of Wiknam the velocity of moeny is constant. Real GDP grows by 3 percent per year, the money stock grows by 8 percent per year, and the nominal interest rate is 9 percent. What is:

a. the growth rate of nominal GDP?

b. the inflation rate?

c.the real interest rate?

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akrashahmad1314Lv5

12 Jul 2023

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13 Dec 2019

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