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In the short-run velocity is not constant. Which of the following variables can be affected by a change in money supply?
I. real GDP
II. nominal GDP
III. the price level
Employer
An individual or organization that hires and pays people to work.
Motivated
Having a strong desire or willingness to act or accomplish something; driven by certain motives or incentives.
Legally Nonexistent Principal
A legal concept referring to a supposed entity or person in a transaction who, in fact, does not have legal existence.
Agent
An individual or entity authorized to act on behalf of another, known as the principal, in business transactions or other matters.
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