The Growth Rate of Real GDP in Astoria Is 7

Multiple Choice

The growth rate of real GDP in Astoria is 7.5%.Assume the growth rate of velocity is 0%.If Astoria wishes to decrease the inflation rate from the annual rate of 5.99% to a target rate of 4.5% and maintain its current growth rate of real GDP,by how many percentage points will the growth rate of the money supply need to change?

A) -3
B) -2.99
C) -1.49
D) 2.99