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musickatia [10]

3 years ago

12

All other things being equal, by how much will nominal GDP expand if the central bank increases the money supply by $100 billion

, and the velocity of money is 3?

1 answer:

valkas [14]3 years ago

7 0

If the central bank increases the money supply by $100 billion and the velocity of money by 3, then the nominal GDP will increase by $300 billion.

Mark brainlist plz

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