khanhlan2109 khanhlan2109

22-07-2020
Business

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g If the velocity of money triples, while real GDP and money supply remain unchanged, in the long run, the price level:

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ewomazinoade ewomazinoade

24-07-2020

Answer:

if velocity triples, then in the long run, price would triple

Explanation:

According to the quantity theory of money

velocity x money supply = output x price

if velocity triples, then in the long run, price would triple

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