Assume that velocity and aggregate output are constant if, Ask an Expert

Economics

Assume that velocity and aggregate output are constant. If the money supply increases from $1.10 trillion to $1.18 trillion:

A. aggregate output will increase by 5.45?%.

B. aggregate output will increase by 7.27?%.

C. the price level will increase by 5.45?%.

D. the price level will increase by 7.27%

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91519428

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