You are a monetarist given the following information: Th
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You are a monetarist given the following information: The money supply is $1,000. The velocity of money is 5. What is no
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You are a monetarist given the following information: The money supply is $1,000. The velocity of money is 5. What is nominal income? real income? What happens to nominal income if the money supply is doubled? What happens to real income?
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