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QUESTION
In year 1, the economy is full employment and real GDP is 400 million the GDP deflator is 200, the velocity of circulation is 20. In year 2, the...
In year 1, the economy is full employment and real GDP is 400 million the GDP deflator is 200, the velocity of circulation is 20. In year 2, the quantity of money increase 20 percentage. if the quantity theory of money hols calculate the quantity of money, the GDP deflator, real GDP, and the velocity of circulation in year 2
