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quantity theory of money

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Suppose that the quantity of money in circulation is fixed but the income of velocity of money doubles. If the real GDP remains at its long run potential level, what happens to the equilibrium price level?

Stays the same
doubles
triples
quadruple

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https://brainmass.com/economics/macroeconomics/quantity-theory-money-166449

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This problem requires you to use the quantity theory of money equation, PY=MV, ...

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The expert examines quantity theory of money.

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