Chapter 8 and Chapter 9Exercises

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Chapter 8 and Chapter 9 Exercises
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Chapter 8
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Chapter 9

• Money Supply is 600, Velocity is 4, Real GDP is
  800. What is the price level in the economy?
• Nominal GDP is 1,200, Money Supply is 400.
  What is the Velocity?

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• Money Supply increase by 5. According to the
  simple quantity theory, what should happen to the
  price level in the economy?