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Consider the Quantity Equation of Money. If the money stock remains unchanged but the velocity of money increases, General price level must have increased. Real
Consider the Quantity Equation of Money. If the money stock remains unchanged but the velocity of money increases, General price level must have increased. Real output must have increased. Either the general price level, or real output, or both, must have increased. There is insufficient information to determine the changes in general price level and real output
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