Suppose you are the Governor of Bangladesh Bank and your mandate is to maintain a long run inflation rate of 3%. If real GDP grows at 3% and the velocity of money is constant, by how much will you change the money supply?
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Suppose you are the Governor of Bangladesh Bank and your mandate is to maintain a long run inflation rate of 3%. If real GDP grows at 3% and the velocity of money is constant, by how much will you change the money supply?
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