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QUESTION
From the equation of exchange, if both nominal income and the quantity of money (M) have tripled , while the price level (p) has increased by 50
From the equation of exchange, if both nominal income and the quantity of money (M) have tripled , while the price level (p) has increased by 50 percent and velocity (V) remains constant, then real output (Y)_______ A . also triples B. increases by 50 percent C. doubles D. decreases by 50 percent E. none of the above
