24 The table provides some data for the US in the first decade following the Civil War....

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24 The table provides some data for the US in the first decade following the Civil War.

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a Calculate the value of X in 1869.
b Calculate the value of Z in 1879.
c Are the data consistent with the quantity theory of money? Explain your answer.

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Economics

ISBN: 9781118150122

10th European Edition

Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews

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Question Posted: Nov 07, 2024 04:00 AM

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24 The table provides some data for the US in the first decade following the Civil War....

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Item Quantity of money Real GDP (1929 dollars) Price level (1929 = 100) Velocity of circulation 1869 1879 $1.3 billion $1.7 billion $7.4 billion Z X 54 4.50 4.61

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Economics

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