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Suppose the supply of money, measured by M1, is $3.2 trillion, output, measured by real GDP,...

Suppose the supply of money, measured by M1, is $3.2 trillion, output, measured by real GDP, is $20.2 trillion, and the velocity of money is 6.7. Suppose the supply of money increases to $4.1 trillion but GDP and the velocity of money do not change. What is the percent by which prices change? Provide your answer as a percentage rounded to two decimal places.

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