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I don't understand this solution (question 12A - chapter 15 - book international economics theory and policy 10th edition): If money adjusts automatically to changes
I don't understand this solution (question 12A - chapter 15 - book international economics theory and policy 10th edition): If money adjusts automatically to changes in the price level, then any number of combinations of money and prices could satisfy the money supply/money demand equations. There would be no unique solution.
Maybe you could explain the solution ... Thank you!
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