Question
If the money supply grew by 6 percent, velocity fell by 2 percent, and price level remained the same, then real GDP would: increase by
If the money supply grew by 6 percent, velocity fell by 2 percent, and price level remained the same, then real GDP would:
increase by 4 percent.
decrease by 8 percent.
increase by 8 percent.
decrease by 4 percent.
increase by 12 percent.
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Macroeconomics Principles And Policy
Authors: William J. Baumol, Alan S. Blinder
11th Edition
0324586213, 978-0324586213
