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In: Statistics and Probability

According to the quantity theory, how does the increase in the amount of money affect the...

According to the quantity theory, how does the increase in the amount of money affect the general level of prices and the value of money? Please explain briefly for reasons.

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Question is answered below.

Please cross check my calculations. My calculations are correct. just to ensure you.

The formula I wrote is correct. C stands for combination.


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