https://assignmentspool.com/wp-content/uploads/2021/01/logo-300x60.png 0 0 Davie https://assignmentspool.com/wp-content/uploads/2021/01/logo-300x60.png Davie2019-06-26 13:57:542019-06-26 13:57:54price level after all these changes have taken place.
price level after all these changes have taken place.
Suppose that initially the money supply is $2.0trillion, the price level equals 2.00, the real GDP is $4.0
4.0 trillion in base-year dollars and income velocity is 4. suppose that the Fed cuts the money supply in half but the income velocity of money doubles.
Calculate the price level after all these changes have taken place.
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