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Assume that velocity and aggregate output are constant. If the money supply increases from $1.10 trillion to $1.18 trillion:
A. aggregate output will increase by 5.45?%.
B. aggregate output will increase by 7.27?%.
C. the price level will increase by 5.45?%.
D. the price level will increase by 7.27%
Economic profit is defined as the difference between total revenue and ________________. Explicit cost total economic cost implicit cost shareholder wealth
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