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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 36
Initially M = 600, V = 8, P = 16, and Q = 300. According to the crude quantity theory of money, if M rose to 720, how much would P be?
Explanation
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The quantity theory of money has a crude...
Macroeconomics 11th Edition by Stephen Slavin
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