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If velocity (M) and apgregate output (M) remain constant at $5 and $1,250 bellion, respectively, what happens to the price ievel (P) if the money
If velocity (M) and apgregate output (M) remain constant at $5 and $1,250 bellion, respectively, what happens to the price ievel (P) if the money aupply (M) decines from $475 billon to $375 bilion? Originally, the price level is (Round your msponse to two decinal places.)
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