What is the rate of inflation between the two years

Reference no: EM13218980

( 2012)year (1013 )year

Money supply 1000 1,050

velocity 8 8

Real GDP12,00012,000

a,find the price level for 2012 and 2013? What is the rate of inflation between the two years?

b,What is the rate of inflation between the two years if the money supply in 2013 is 1,100 and output is 2013 is 12,600?

Reference no: EM13218980

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