The annual average percentage change in Real GDP is 2.3%, and the annual average percentage change in velocity is 1.1%. Using the monetary rule, what percentage change in the money supply will keep prices stable (on average)

the percentage change in the money supply that keep the price constant is 1.2%

Explanation:

The computation of the percentage change in the money supply that keep the price constant is shown below:

= Annual average have percentage change in real GDP - annual percentage change in velocity

= 2.3% - 1.1%

= 1.2%

Hence, the percentage change in the money supply that keep the price constant is 1.2%

We simply applied the above formula so that the correct value could come

And, the same is to be considered

answerindividual preferences are not revealed in the market for the good;

false! basically!

i hope i'm correct.