Suppose that the quantity of money in circulation

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September 12, 2020
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September 12, 2020

Suppose that the quantity of money in circulation

Suppose that the quantity of money in circulation

Suppose that the quantity of money in circulation

Question
Suppose that the quantity of money in circulation
is fixed but
the income velocity of money doubles.
If real GDP
remains at its long-run potential
level, what
happens to the equilibrium price
level? (See
page 354.)

Suppose that the quantity of money in circulation


 

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