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What is the real value of output

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Reference no: EM13716117

3. Suppose that an economy is characterized by:
M = $ 6000
V = 2.5
P = 100
a) What is the real value of output (Q)?
Now assume that the Fed increases the money supply by 10% and velocity remains unchanged.
b) If the price level remains constant, how much will real output increase?

Reference no: EM13716117

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