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    Principles of Economics Study Set 11
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    Exam 21: The Price Level and Inflation
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    Explain Why It Makes Sense That the Equation of Exchange,M
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Explain Why It Makes Sense That the Equation of Exchange,M

Question 126

Question 126

Essay

Explain why it makes sense that the equation of exchange,M *V * P * Y,would be true by definition.

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On the right side,the price level,P,time...

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