M Manpst New member Dec 1, 2009 #1 according to the equation of exchange.. M*V=P*Q money*velocity=price*quantity 1)if V doubled what would happen to the nominal GDP? 2)IF V doubled and Q remained unchange what would happen to the price level?
according to the equation of exchange.. M*V=P*Q money*velocity=price*quantity 1)if V doubled what would happen to the nominal GDP? 2)IF V doubled and Q remained unchange what would happen to the price level?
