Velocity and aggregate output are constant

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Reference no: EM13858663

Assume that velocity and aggregate output are constant. If the money supply increases from $1.10 trillion to $1.18 trillion:

A. aggregate output will increase by 5.45?%.

B. aggregate output will increase by 7.27?%.

C. the price level will increase by 5.45?%.

D. the price level will increase by 7.27%

Reference no: EM13858663

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