Write out the quantity equation of money what do we mean by, Business Economics

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Write out the quantity equation of money what do we mean by

Write out the Quantity Equation of Money. What do we mean by the velocity of money? The real GDP in the U.S. grows at a rate of 3% in the long-run. If the QTM holds, by how much should money supply increase so that the long-run inflation rate in the U.S. economy is 2%? Explain your answer.

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