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Business, 07.03.2020 05:07 Science2019

Using monetary theory, one can show that the price level (index) in an economy is equal to:(a) the inflation rate minus the interest rate.(b) the average change in the level of trade over the past 5 quarters.(c) the velocity of money.(d) the ratio of the nominal supply of money to the demand for real balances.

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Using monetary theory, one can show that the price level (index) in an economy is equal to:(a) the i...
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