The Late Bronze Age in the Middle East was a time of broadly shared societies and ways of life. The Cosmopolitan human progress in the Middle East utilized conventions from the Hittites, Mesopotamians, and Egyptians. This human progress created in light of the fact that they had new innovation from other development, better weapons, and they were effective. There was a considerable measure of contact between various states and exchange. It enhanced the standard living for everybody.
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If the money supply increases and nominal GDP remains the same, then A. price level increases.
<h3>What is Money Supply?</h3>
This refers to the total amount of money that is in circulation in a country that usually increases spending.
Hence, an open market sale by the federal reserve will increase the interest rates because it would increase investment spending because an OMO sale decreases interest rates which make getting loans easier.
M= Money supply
V= Velocity
P- Price level
Y= nominal GDP
Hence, with the increase in the money supply, then there would be an increase in the price supply.
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A rejected claim has been disallowed for the reason that of
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