Question: Assume the following: M = $2,000, V = 10, and Q = 1,000. Using the transactions-approach formula, find the value of P. If the amount

Assume the following: M = $2,000, V = 10, and Q = 1,000. Using the transactions-approach formula, find the value of P. If the amount of money doubles, what is the new price level according to the quantity theory of money?

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