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Economic medels Suppose an economist theorizes that the pricelevel in the economy is directly related...

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Economics

Economic medels Suppose an economist theorizes that the pricelevel in the economy is directly related to the moevy supply, orthe amount of money in eraiation in the economy. The ecosorwistproposes the following relationship:

P=A\times M

P=Price Level M = Money Sumply economy. An economits wouldpersuble the Federal Reserve to change the money supply to walsoslevels, and observe the resulting clasges in the price lievel.

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