If the price level was already doubling every month and inflation accelerating, what would you expect to
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If the price level was already doubling every month and inflation accelerating, what would you expect to happen to the velocity of circulation and why? How close would you expect the relation between the quantity of money and the price level to be?
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The velocity of circulation would increase People would try to spend the money they rece...View the full answer
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Related Book For 
Macroeconomics Canada In The Global Environment
ISBN: 9780321931207
9th Edition
Authors: Michael Parkin, Robin Bade
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