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Suppose over some period of time the money supply tripled, velocity fell by half, and real GDP doubled. According to the quantity equation the price

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Suppose over some period of time the money supply tripled, velocity fell by half, and real GDP doubled. According to the quantity equation the price level is now 0.75 times its old value. None of the above are correct. 6 times its old value. 3 times its old value. 1.5 times its old value

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