Growth in the money supply + growth in velocity = inflation + real economic growth
Growth in the money supply + 0 = 4% + 4%
Growth in the money supply = 8%
Economics is the look at shortage and its implications for using sources, production of goods and offerings, an increase of production and welfare over the years, and a tremendous variety of other complicated troubles of critical situations to society.
Economics is the field of social science that deals with the take a look at of the scarcity of resources. It analyzes factors affecting the production, distribution, and intake of goods and offerings in an economy. It examines the allocation of scarce assets through people, businesses, and governments.
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