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April 18, 2014

Homework Help: Macroeconomics

Posted by Jess on Tuesday, April 9, 2013 at 2:23pm.

The money supply in Freedonia is $200 billion. Nominal GDP is $800 billion and real GDP is $400 billion. Assuming that velocity is stable, if real GDP grows by 10 percent this year, and if the money supply does not change this year, what is the change of price level?

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