noviadelee1804 noviadelee1804
  • 23-12-2021
  • Business
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You are the head of the central bank and you want to maintain a 2 percent long-run inflation rate. Suppose that velocity is constant 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.

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shishmwangi955
shishmwangi955 shishmwangi955
  • 23-12-2021

The answer I think is 12 billion

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