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ECONOMICS MCQ- JUNE 2004 P3 Q 24

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24 Assuming a constant income velocity of circulation of money, if real output grows by 3 %, and the
rate of growth of the money supply is 10 %, what will be the approximate change in the price
level?
A – 7 % B + 7 % C + 10 % D + 13 %

What need to be done the answer.
 
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