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Use the Quantity Theory of Money :M.V=P.Y Concern about the economy has turned to panic, and banks runs have led to a 27.2% decrease in

Use the Quantity Theory of Money :M.V=P.Y Concern about the economy has turned to panic, and banks runs have led to a 27.2% decrease in the money supply. The velocity of money has remained stable, but prices and wages seem to be sticky. They have only fallen by 12.8%. Recessions are typically measured by the decline in real GDP (aka Output). What will be the percentage decline in output for this economy? Put your answer in percentage form (e.g. 30.57 not 0.3057) and then round to two decimal places

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