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What is the key endogenous variable in the quantity theory

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Question: The quantity theory of money: What is the key endogenous variable in the quantity theory? Explain the effect on this key variable of the following changes:

(a) The money supply is doubled.

(b) The velocity of money increases by 10%.

(c) Real GDP rises by 2%.

(d) The money supply increases by 3% while real GDP rises by 3% at the same time.

Reference no: EM131634393

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