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1. Indicate whether each of the following is part of M1, M2, or neither. a. $95 on your campus card. b. $0.55 in the
1. Indicate whether each of the following is part of M1, M2, or neither. a. $95 on your campus card. b. $0.55 in the change cup of your car. c. $1,663 in your savings account. d. $459 in your checking account. 2. Using the quantity theory of money equation M*V=P*Y, if real GDP is $1000 and the price level $100 and if the velocity of money is constant at 5, a. how much money will be in the economy (money supply)? b. If GDP were to increase by 10% while prices and velocity remain unchanged, how much money will the economy need to keep the equation equal?
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a 95 on your campus card Belongs to M1 Campus cards are typically considered checking account substi...
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Macroeconomics
Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson
3rd Canadian edition
1319120083, 1319120085, 1319190111, 9781319190118, 978-1319120054
