Here is further information on the U.S. and Pugelovian economies. a. What is the value of k

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Here is further information on the U.S. and Pugelovian economies.

a. What is the value of k for the United States in 1975? For Pugelovia?
b. Show that the change in price level from 1975 to 2008 for each country is consistent with the quantity theory of money with a constant k.

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International Economics

ISBN: 978-0073523170

15th edition

Authors: Thomas A. Pugel

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Question Posted: Apr 21, 2016 05:08 AM

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Here is further information on the U.S. and Pugelovian economies. a. What is the value of k

Question:

1975 2008 United States Pugelovia 20,000 10,000 800 200 100 100 65,000 58,500 1,000 300 260 390

Step by Step Answer:

a For the United States in 1975 20000 k 100 800 or k 025 ...View the full answer

International Economics

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