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Chapter 8 and Chapter 9Exercises

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Chapter 8 and Chapter 9Exercises – PowerPoint PPT presentation

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Title: Chapter 8 and Chapter 9Exercises


1
Chapter 8 and Chapter 9 Exercises
2
Chapter 8
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7
Chapter 9
  • Money Supply is 600, Velocity is 4, Real GDP is
    800. What is the price level in the economy?
  • Nominal GDP is 1,200, Money Supply is 400.
    What is the Velocity?

8
  • Money Supply increase by 5. According to the
    simple quantity theory, what should happen to the
    price level in the economy?
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