Business, 18.12.2019 02:31 jarrettashlyn

Assume the money supply is $500, the velocity of money is 8, and the price level is $2. using the quantity theory of money:
a. determine the level of real output. $
b. determine the level of nominal output. $
c. assuming velocity remains constant, what will happen if the money supply rises 20 percent? nominal output would be $ , and real output would be $ .

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Assume the money supply is $500, the velocity of money is 8, and the price level is $2. using the qu...

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