You are the head of the central bank and you want to maintain a 2 percent long-run inflation rate. Suppose that velocity is cons

Question

2 years ago

14

You are the head of the central bank and you want to maintain a 2 percent long-run inflation rate. Suppose that velocity is cons

tant and real GDP growth is 3 percent per year. Moreover, you know that the current money supply is $120 billion. Your money supply target for one year from today is $______ billion.

Business

1 answer:

pshichka [43] · Answer 1 · 2023-02-21T04:56:51+03:00

pshichka [43]2 years ago

5 0

The answer I think is 12 billion