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The quantity theory of money implies that a 3% increase in the money supply will eventually cause

toripollard8

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The quantity theory of money implies that a 3% increase in the money supply will eventually cause

Question 1.

If income is $30 billion, the price level is 3, and the stock of money is $18 billion, what is the velocity of money?

▸ 1.4

▸ 1.8

▸ 5

▸ 180

Question 2.

The quantity theory of money implies that a 3% increase in the money supply will eventually cause

▸ a 3% increase in real GDP.

▸ a 3% increase in disposable income.

▸ a 3% increase in the price level.

▸ a 3% decrease in the unemployment rate.

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

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shamanie

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More solutions for this book are available here

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toripollard8 Author

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5 years ago

I appreciate what you did here, answered it right Smiling Face with Open Mouth

courtneyrmcd

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Just got PERFECT on my quiz

jmendoza

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Helped a lot

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