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Velocity and the quantity equation Consider a simple economy that produces only pies

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Velocity and the quantity equation Consider a simple economy that produces only pies. The following table contains information on the economy's money supply, velocity of money price Jevel, and output. For example, in 2017, the money supply was $200, the price of a pie was $5.00, and the economy produced 400 pies. Fill in the missing values in the following table, selecting the answers closest to the values you calculate. Year Velocity of Money Quantity of Money (Dollars) 200 202 Price Level (Dollars) 5.00 Nominal GDP (Dollars) 2012 2018 Quantity of Output (Pies) 400 400 10 The money supply grew at a rate of from 2017 to 2018. Since pie output did not change from 2017 to 2018 and the velocity of money the change in the money supply was reflected in changes in the price level. The inflation rate from 2017 to 2018 was