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Suppose that an economy recorded the following growth rates in a particular year: Percentage change in the real stock of money:

 Suppose that an economy recorded the following growth rates in a particular year:


Percentage change in the real stock of money:                               4 percent

Percentage change in nominal GDP:                                               6 percent

Percentage change in the price level (the GDP deflator):                1 percent


From the above information, calculate the percentage change in the velocity of money.

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