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WINSTONCH [101]
2 years ago
11

g If the velocity of money triples, while real GDP and money supply remain unchanged, in the long run, the price level:

Business
1 answer:
MrRissso [65]2 years ago
3 0

Answer:

if velocity triples, then in the long run, price would triple

Explanation:

According to the quantity theory of money

velocity x money supply = output x price

if velocity triples, then in the long run, price would triple

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Question 1: Write an essay covering the following points;
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Answer:

do it yourself you freeloader

Explanation:

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bazaltina [42]

Answer:

a. discharged.

Explanation:

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5 0
3 years ago
At many amusement parks, customers who enter the park after 4 p.m. receive a steep discount on the price they pay. This is a typ
Roman55 [17]

Answer:

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Explanation:

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