Question: What does the quantity theory of money predict will happen in the long run in these cases? According to the quantity theory, a rise in
What does the quantity theory of money predict will happen in the long run in these cases? According to the quantity theory, a rise in the money supply can€™t change v or Y in the long run, so it must affect P. Let€™s use that fact to see how changes in the money supply affect the price level. Fill in the following table:
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v 555 500
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