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If the real GDP increases by 1.2 times, and the money supply decreases by 4%, then the price level at a stable velocity of money
If the real GDP increases by 1.2 times, and the money supply decreases by 4%, then the price level at a stable velocity of money circulation - increase by 24% - decrease by 20% - increase by 16% - decrease by 80% - will remain unchanged.
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