The money supply grew at a rate of    from 2021 to 2022. Since air fryer output did not change from 2021 to 2022 and the velocity of money    , the change in the money supply was reflected    in changes in the price level. The inflation rate from 2021 to 2022 was    .

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter14: Money And The Economy
Section14.4: Money And Interest Rates
Problem 2ST
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The money supply grew at a rate of    from 2021 to 2022. Since air fryer output did not change from 2021 to 2022 and the velocity of money    , the change in the money supply was reflected    in changes in the price level. The inflation rate from 2021 to 2022 was    .

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