Average Prices in Canukada Are 200, Real GDP Is 30

question 163

Multiple Choice

Average prices in Canukada are 200, real GDP is 30, and the money supply is 500. An increase in the money supply to 600 leads to average prices of

• A) 250.
• B) 220.
• C) 300.
• D) 240.
• E) none of the above answers.

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