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In Drewland, the money supply equals $1,000 and velocity of money is 3. The government budget is $300, consumers spend $1500, and investors spend $500.
In Drewland, the money supply equals $1,000 and velocity of money is 3. The government budget is $300, consumers spend $1500, and investors spend $500. When producers supply a quantity of 30, then price equals
33.33.
100.
766.66.
2,300.
cannot be determined with the information provided.
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