How to calculate real national income with money supply of 10 billion,the velocity of circulation of money is 3, and the price index is 3?

Inflated wages act as a brake on the economy. The higher wages force higher prices, the higher prices find fewer buyers, fewer buyers offers meager profits, meager profits allows fewer investments, fewer investments means less trade, less trade means fewer buyers....

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.