If money demand equals 5 percent of income, the money supply is $60, and real GDP is
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If money demand equals 5 percent of income, the money supply is $60, and real GDP is 1,000 units of output, what will the price level be?
What will the price level be if the money supply is $120? What happens to nominal income? To real money holdings?
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P MSkQ k is 005 and V 20 In the first case P equals 120 In ...View the full answer
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