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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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Which of the following are mechanisms that have evolved to mitigate potential agency problems?
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