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FA25 ECON 302 002 Homework #6 (Inflation)

Numerical

Using the quantity equation, if 𝑀 𝑡 = 1350 , 𝑃 𝑡 = 5.6 , and 𝑉 𝑡 = 2.3 , then real GDP is: Round your answer to the nearest dollar.

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To evaluate real GDP using the quantity equation, we start from the equation MV = PY, where M is the money supply, V ......Login to view full explanation

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