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14/1meinti Question 12 (1 point) Suppose the supply of money, measured by M1, is $3.0 trillion, output, measured by real GDP, is $16.6 trillion, and the velocity of money is 6.5. Suppose the supply of money increases to $3.5 trillion but GDP and the velocity of money do not change. What is the percent by which prices change? Provide your answer as a percentage rounded to two decimal places. Do not include any symbols, such as "S, "," "% ," or "," in your answer. Your Answer: Answer Question 15 (1 point) Question 13 (1 point) Consider the following simplified balance sheet for a bank. Suppose the required reserve ratio decreases from 10 percent to 5 percent. By how much will bank deposits increase Provide your Suppose the growth in the quantity of money is 3.8 percent and growth in output (GDP) is 1.5 percent. What is the rate of price inflation, if any. Provide your answer as a percentage rounded to two decimal places. Use a negative sign for negative changes. Do not include any symbols, such as "S, "," "% ," or "," in your answer. answer in dollars measured in thousands rounded to two decimal places. Do not include any symbols, such as "$." % , " or ,in your answer. Liabilities Assets Deposits Reserves $10 thousand $100 thousand Your Answer: Your Answer Answer Answer Suppose GDP is 21.6 trillion and aggregate expenditures are 18.8 trillion. How does inventory change? Calculate the change in the level of inventory, if any. Provide your answer in dollars measured in trillions rounded to two decimal places. Use a negative sign "-" to indicate a decrease in inventory but do not include any other symbols, such as "$," "=," "%," or "," in your answer. Your Answer: Answer Question 4 (1 point) Suppose an economy is initially in equilibrium when GDP equals $19 trillion. Now suppose investment spending decreases by $1.1 trillion and that the economy's multiplier is 5. What is the new equilibrium level of GDP? Provide yoour answer in dollars measured in trillions round to two decimal places. Do not include any symbols, such as "$," "=," "%," or "," in your answer. Your Answer:

Answer 1