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Using the quantity equation of money MV=PQ,calculate the price level (P) if the money supply (M) is 1000, velocity (V) equals 2, and the real

Using the quantity equation of money MV=PQ,calculate the price level (P) if the money supply (M) is 1000, velocity (V) equals 2, and the real GDP (Q) equals 200.

Select the correct answer below:

1500

3.5

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