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    Macroeconomics Study Set 39
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    Exam 5: Inflation: Its Causes, Effects, and Social Costs
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    If the Average Price of Goods and Services in the Economy
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If the Average Price of Goods and Services in the Economy

Question 11

Question 11

Essay

If the average price of goods and services in the economy equals $10 and the quantity of money in the economy equals $200,000, then real balances in the economy equal:
A)

Correct Answer:

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