If initially the money supply is $1 trillion, velocity is 5, the price level is 1, and

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If initially the money supply is $1 trillion, velocity is 5, the price level is 1, and real GDP is $5 trillion, an increase in the money supply to $2 trillion. What will be the price level?

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Question Posted: Dec 22, 2017 07:42 AM

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If initially the money supply is $1 trillion, velocity is 5, the price level is 1, and

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As per quantity theory of money MV PY So price level P M...View the full answer

Macroeconomics

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