Suppose the velocity of money is constant at 10
Suppose the velocity of money is constant at 10 transactions per year, the price level for this year is $4, and real GDP this year is $6,000,000.
What is the money supply this year?
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suppose the velocity of money is constant at 10 transactions per year the price level for this year is 4 and real gdp
suppose the velocity of money is constant at 5 transactions per year the price level for this year is 1 and real gdp
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