If the growth rate of the money supply is 8%, velocity is constant, and real GDP grows at 4% per year on average, then the inflation rate will be %.If the growth rate of the money supply increases to 13%, velocity is constant, and real GDP grows at 2% per year on average, then the inflation rate will be %.If the growth rate of the money supply increases to 13%, velocity grows at 11%, and real GDP grows at 2% per year on average, then the inflation rate will be %.

This activity is important because as a marketing manager, you must allocate resources to reach your target market. during the strategic marketing process, managers move through three important phases to determine how to optimally allocate resources: a planning phase, an implementation phase, and an evaluation phase. in this interactive exercise, you are asked to review various strategic marketing actions and determine where in the strategic marketing process the action would occur. the goal of this exercise is to demonstrate your understanding of the strategic marketing process and related marketing actions.