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According to the quantity equation, suppose that velocity of money is constant in the economy is output of goods and services rises by 3% each
According to the quantity equation, suppose that velocity of money is constant in the economy is output of goods and services rises by 3% each year. If the fed increases the money supply by 5% the price level will ? and the nominal GDP will ? next year Answer: rise by 2%, rise by 5% Please explain how to calculate the
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Essentials of Business Driven Information Systems
Authors: Paige Baltzan, Amy Phillips
1st edition
1260004716, 978-0073376721
