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13 Dec 2019
In the country of Wiknam, the velocity of money 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?
In the country of Wiknam, the velocity of money 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?
11 Jul 2023
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Lelia LubowitzLv2
17 Dec 2019
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