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Business, 28.08.2019 19:10 raymondmunoz4451

If initially the money supply is $1 trillion, velocity is 5, the price level is 1, and real gdp is $5 trillion, an increase in the money supply to $2 trillion a. increases real gdp to $10 trillion. b. causes velocity to fall to 2.5. c. increases the price level to 2. d. increases the price level to 2 and velocity to 10.

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If initially the money supply is $1 trillion, velocity is 5, the price level is 1, and real gdp is $...

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