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Quantity 'I'heury of Money: Harness?! sap-Ia What is the quantity equation? Dene exogenous. Which variables in this model do we consider exogenous? (Should be 3
Quantity 'I'heury of Money: Harness?! sap-Ia What is the quantity equation? Dene \"exogenous\". Which variables in this model do we consider exogenous? (Should be 3 variables) Dene \"endogenous\". Which variables in this model do we consider endogenous? (Should be 1 variable) Solve this model. (In other words, solve for the endogenous variable by getting all the exogenous variables on one side of the equals sign, then put a star on the endogenous variable.) Fill in the blanks on this quote by Milton Friedman: \"Ination is the result of too much _money_ chasing too few _goods \" | Explain how this relates to the model you just solved. Express the quantityr equation from part A in terms of growth rates. Use this to express ination in terms of growth rates. Ifyou make an assumption in part 1:, state it
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