The money supply of M has been growing at 10% per year and nominal GDP has been growing at 20% per year. (A) calculate the velocity in each year. At what rate is velocity growing? (B) calculate what happens to nominal GDP if velocity remains constant at 5 and the money supply increases from Gh¢ 200 billion to Gh¢ 300 billion. (C) using Keynes ideas, derive the LM curve. Using the data below to the above questions (in billion cedis)   2001   2002   2003 M 100   110   121 PY 1,000   1,200   1,440

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