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Assuming That Velocity Is Stable, If Real GDP Grows by 10

Question 75

Multiple Choice

Assuming that velocity is stable, if real GDP grows by 10 percent this year, and if the money supply does not change this year, how much does the price level change by?


A) -10 percent
B) -5 percent
C) 5 percent
D) 10 percent

Correct Answer:

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