1101-011Shert Quiz4 f17 Exzel Insrrt Draw Pagr laynut Formulas Data Rrview View
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1101-011Shert Quiz4 f17 Exzel Insrrt Draw Pagr laynut Formulas Data Rrview View Tell me what you want to do B 1 u , | E. Conditional rormat asl Neuual Fomatting-lable Irsert Delete Fermat = = = t-E-Merge& Center , $ , % , to Sert & Find & Filter- Select Calculation Check Cell Format Painter Farng D30 0.08 200 69 70 71 3. The "Equation of Exchange" (5) 72 73 74 75 76 Suppose that the US economy at various real interest rates has the real GDP values shown in the table below. Money velocity is4 Suppose also that the price level is 1.65 Fill in the Money Supply column Real Interest Rate Real GDP billions$ Money supply billions $ 78 79 80 0.015 0.03 0.045 0.06 0.075 0.09 0.105 15000 14500 14000 13500 13000 12500 12000 82 83 84 85 86 87 88 4. Gaps & the Interest Rate (5) 89 A. For the model of the economy below, use the r values to compute the equilibrium levels of Y Problems Mini-tutorial + 120% 1:51 PM ^ Ix oft 11/11/2017 Type here to searchExplanation / Answer
Money supply = Price level x Real GDP/velocity
Price level = 1.65
Velocity = 4
Real interest rate Real GDP ($ bn) Money supply ($ bn) 0.015 15000 6187.5 0.03 14500 5981.25 0.045 14000 5775 0.06 13500 5568.75 0.075 13000 5362.5 0.09 12500 5156.25 0.105 12000 4950Related Questions
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