Suppose that velocity is constant at 10 but the nominal, Ask an Expert

Economics

Suppose that velocity is constant at 10, but the nominal money supply increases from $1.1 to $1.21 trillion. What must happen to nominal output? Suppose further that real output is constant at 11 trillion "units": what must happen to the price level?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9278607

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