If the velocity of money is 3, real GDP is 20 and the money supply is 120, then average prices are 18.
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Q205: Inflation is a persistent rise in the
Q206: When there is stagflation, the relationship between
Q207: The Phillips Curve is consistent with the
Q208: Stagflation is consistent with the story of
Q209: The Phillips Curve suggests an inverse relationship
Q211: The main idea of the Phillips Curve
Q212: The quantity theory of money suggests that
Q213: Cost-push inflation is caused by
A) expansion.
B) positive
Q214: Explanations of the 1973 breakdown of the
Q215: Cost-push inflation can cause
A) expansion.
B) positive supply
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