Vue: Change displayed text when variable changes

HTML

<html>
<body>
<div id="wrapper">
<p>
Static text
</p>
<p>
{{ dynamicText }}
</p>
<p>
Change dynamic text:
<input type="text" v-model="dynamicText" />
</p>
<p>
  More static text
</p>

</div>
</body>
</html>

JavaScript

new Vue({
  el: '#wrapper',
  data: {
    dynamicText: "Dynamic text!"
  }
})