What should happen to price level


Suppose that velocity is constant at 9, but the nominal money supply increases from $1.5 to $1.8 trillion. What must happen to nominal output? Suppose further that real output is constant at 13.5 trillion "units": what must happen to the price level?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: What should happen to price level
Reference No:- TGS0514662

Expected delivery within 24 Hours