2. (LO 2) The nominal GDP of Etruria is $1500 billion. Next year, the growth of nominal...

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2. (LO 2) The nominal GDP of Etruria is $1500 billion. Next year, the growth of nominal GDP is expected to be 2.4 percent. If the transactions demand in Etruria is 10 percent of nominal GDP, by how much must the money supply be increased in order to avoid crowding out?

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Principles Of Macroeconomics

ISBN: 9780226818399

8th Edition

Authors: Sayre, J.E.; Morris, A.J.

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