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October 23, 2014

October 23, 2014

Posted by **a-tan** on Monday, November 16, 2009 at 12:14am.

Help!

- Macroeconomics -
**economyst**, Monday, November 16, 2009 at 1:30pmThe formula is MV=PQ, where PQ is the price level time output of goods and services. PQ is nominal GNP. So if M is fixed and V is fixed and Q is 5% higher, what must happen to P.

That is MV = PQ = (zP)*)*(1.05*Q) -- solve for z

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