abdulazizalmaw5185 abdulazizalmaw5185

12-03-2024
Business

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Suppose the velocity of money is 10 transactions per year, the price level for 2015 is $6, and real gdp in 2015 is $6,000,000. if the central bank holds the money supply constant and output grows by 10%, what will the price level be in 2016 (rounded to the nearest cent)?

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