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In the country of wiknam the velocity of money is constant

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 year, and the nominal interest rate is 9 percent. What is....

a) The growth of nominal GDP?

b) The inflation rate?

c) The real interest rate?

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Business Management: In the country of wiknam the velocity of money is constant

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Business Management: In the country of wiknam the velocity of money is constant

Reference No:- TGS01657830

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