What is the key endogenous variable in the quantity theory? Explain the effect on this key variable
Question:
(a) The money supply is doubled.
(b) The velocity of money increases by 10%.
(c) Real GDP rises by 2%.
(d) The money supply increases by 3% while real GDP rises by 3% at the same time.
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The price level is the key endogenous variable in the quantity the...View the full answer
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