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Assume monetary equilibrium existsthat is, the desired and the actual supply of money are equalwhen nominal GDP equals $480 billion and the money supply is
Assume monetary equilibrium existsthat is, the desired and the actual supply of money are equalwhen nominal GDP equals $480 billion and the money supply is $120 billion. According to a strict monetarist view, an increase in the money supply of $6 billion will increase the nominal GDP by
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