Home » Suppose that this year’s money supply is \$50 billion, nominal GDP is \$1 trillion, and real GDP is \$500 billion. a.What is the price level? What is

# Suppose that this year’s money supply is \$50 billion, nominal GDP is \$1 trillion, and real GDP is \$500 billion. a.What is the price level? What is

Suppose that this year’s money supply is \$50 billion, nominal GDP is \$1 trillion, and real GDP is \$500 billion. a.What is the price level? What is the velocity of money? b.Suppose that velocity is constant and the economy’s output of goods and services rises by 5 percent each year. What will happen to nominal GDP and the price level next year if the bank of Canada keeps the money supply constant? c.What money supply should the Bank of Canada set next year if it wants to keep the price level stable? d.What money supply should the Bank of Canada set next year if it wants inflation of 10 percent?

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.