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April 17, 2014

Homework Help: economics

Posted by Seth on Wednesday, January 30, 2013 at 8:20pm.

The country of Arkanslavia had money supplies of 183 million arkollars in 2010 and 644 million in 2011. They have real output of 791 arkollars in both years. In Arkanslavia velocity was 7 in 2010 but changed to 5 in 2011. What is the difference in the price level between 2011 and 2010?

What formula do i use? im so lost on my hw

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