4. Velocity and the quantity equation Consider a simple economy that produces only pens. The following...

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4. Velocity and the quantity equation Consider a simple economy that produces only pens. The following table contains informa

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YEAR | Q of Money velouity Price level I output Alguses on 2019 200 400 $2000 1 2000 1 202 5.05 400 $2020 Nominal a DP = in 2 he money supply grew at a rate of 1 from 2019 to 2020. Since pon output did not change from 2019 fa 2000 and velocity of mone

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