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8. Consider the Equation of Exchange in its form that shows changes in the variables over time. If we assume velocity is constant over the

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8. Consider the Equation of Exchange in its form that shows changes in the variables over time. If we assume velocity is constant over the long term and the long-term average rate of growth in the real economy that is sustainable is around 3%, what is the implication for the relationship between the growth in the money supply and changes in the average price level in the economy? 8. Consider the Equation of Exchange in its form that shows changes in the variables over time. If we assume velocity is constant over the long term and the long-term average rate of growth in the real economy that is sustainable is around 3%, what is the implication for the relationship between the growth in the money supply and changes in the average price level in the economy

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