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The money supply in Goldova is $100 billion. Nominal GDP is $400 billion, and real GDP is $200 billion. What is the price level in
The money supply in Goldova is $100 billion. Nominal GDP is $400 billion, and real GDP is $200 billion. What is the price level in Goldova?
a.1
b. 2
c. 4
d. 8
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Microeconomics Theory and Applications with Calculus
Authors: Jeffrey M. Perloff
3rd edition
133019934, 978-0133019933
