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MMLU-Pro / 7266 / If real GNP is expanding at a steady annual rate of 2 percent andthe nominal…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

If real GNP is expanding at a steady annual rate of 2 percent andthe nominal money stock at a steady annual rate of 5 per-cent, what is the effect on the average price level if the incomevelocity of circulation of money is unchanged?

category

economics

options

  1. 0 percent
  2. 6 percent increase
  3. 2 percent
  4. 2.5 percent decrease
  5. 1 percent decrease
  6. 1 percent increase
  7. 5 percent
  8. 4 percent increase
  9. 3 percent
  10. 7 percent increase

src

stemez-Economics

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Source and history

upstream_id / Original problem ID
7266
task_id
008b6a0b-4a0c-55f0-8434-a0fd416b7850
task_key
default--test--7266
task_revision_id
1
config / split
default / test

Official source

initial import