Consider a simple economy that produces only pies. The following table contains information on the economy's money supply, velocity of money, price level, and output. For example, in 2019, the money supply was $240, the price of a pie was $7.20, and the economy produced 500 pies.   Year Quantity of Money Velocity of Money Price Level Quantity of Output Nominal GDP (Dollars) (Dollars) (Pies) (Dollars) 2019 240     7.20 500      2020 252 15      500            The money supply grew at a rate of    from 2019 to 2020. Since pie output did not change from 2019 to 2020 and the velocity of money    , the change in the money supply was reflected    in changes in the price level. The inflation rate from 2019 to 2020 was    .

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