In the economy of Shakuras, prices fluctuate in the short-run even if money transfers hands at...

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In the economy of Shakuras, prices fluctuate in the short-run even if money transfers hands at the same rate. If prices rose

business economics

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Answer 1

Answer #1

According to quantity theory of money,

Change in the amount of Money Holding= increase in price+ increase in output

Change in the amount of money holding= 13+ 30= 43%

Change in the amount of money holding= 43%.

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Answer 2

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