Velocity remains constant at 8 and the money supply increases from $200 billion to $300 billion.
The? original, nominal GDP was $ __ trillion? ?(Round your response to two decimal? places)
The ?new, nominal GDP is $ __ trillion? ?(Round your response to two decimal? places)
If real GDP increased by 10?%, then the price level increased by __ ?%? ?(Use the theory of inflation to solve this question.)