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If money supply (M) is $300, the price level is 6, the real GDP (Q) is 200, the velocity of money (V) is 4, the

  1. If money supply (M) is $300, the price level is 6, the real GDP (Q) is 200, the velocity of money (V) is 4, the interest rate is 5 percent and the inflation rate is 3% then the price level should be at what level?

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