Solved

Average Prices in Canukada Are 200, Real GDP Is 30

Question 206

Multiple Choice

Average prices in Canukada are 200, real GDP is 30, and the money supply is 500. An increase in the money supply to 700 leads to average prices of

A) 250.
B) 280.
C) 300.
D) 240.
E) none of the above answers.

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