The One Product economy, which produces and sells only personal computers (PCs), expects that it can sell 500 more, or 12,500 PCs, next year.

The One Product economy, which produces and sells onlypersonal computers (PCs), expects that it can sell 500 more, or 12,500PCs, next year. Nominal GDP was $20 million this year, and themoney supply was $7 million. The central bank for the One Producteconomy plans to increase the money supply by 10 percent next year.c. If the objective is to keep the price level the same next year(i.e., no inflation), what percentage increase in the moneysupply should the central bank plan for?d. How would your answer in (c) change if the velocity of money

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