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Velocity in the country of Nemedia is always stable.In 2012,the money supply was $100 billion and real GDP was $300 billion.In 2013,the money supply increased by 10 percent,real GDP increased by 5 percent,and nominal GDP equalled $660 billion.By how much did the price level increase between 2012 and 2013?
Third-Party Vendor
An external provider who offers goods or services to a company but is not directly connected to its primary operations.
Amazon Fulfillment Center
A warehouse facility where Amazon stores, packs, and ships products on behalf of sellers using Amazon's platform.
B2B Transaction
A commercial transaction between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer.
B2C Transaction
A commercial exchange wherein businesses sell goods or services directly to consumers, typically through retail outlets or online platforms.
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