Suppose the inflation rate is zero, the income elasticity of money demand is 0.75, and the interest elasticity of money demand is -0.25. Determine the inflation rate that results from each of the...

Extracted text: Suppose the inflation rate is zero, the income elasticity of money demand is 0.75, and the interest elasticity of money demand is -0.25. Determine the inflation rate that results from each of the following events (starting back at zero for each one). Enter all answers as integers with no decimal places. If negative, be sure to include the minus sign before the number (no spaces). iv. Nominal money supply increases 5% and the interest rate rises from 5% to 10%.The inflation rate is now %? v. Nominal money supply increases 3%, the interest rate rises from 3% to 6%, and real income increases 16%. The inflation rate is now %?