Consider the following hypothetical data for 2023 and 2024.
Money supply
Velocity
Real GDP
2023
2024
1,200
1,260
6
6
10,800
10,800
The price levels for 2023 and 2024 are:
Instructions: Enter your responses rounded to two decimal plac
2023:
2024:
Instruction: Enter your response as a whole number.
Rate of inflation between 2023 and 2024: %