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September 18, 2014

Homework Help: Macroeconomics

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

Suppose that velocity is constant. The economy's output of goods and services rises by 5% each year. What will happen to nominal GDP and the price level next year if the Fed keeps the money supply constant? (Hint--put the variables into the formula)


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