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Write a minimum four-page paper (double-spaced, Calibri font, size 12, 1-inch ma
Write a minimum four-page paper (double-spaced, Calibri font, size 12, 1-inch margins on the sides and bottom; extra spacing of any kind lowers your grade) that does the following: 1) explains the classical dichotomy (monetary neutrality) about 2 pages, be sure to use the equation of exchange in your explanation 2) explains how an increase in M1 would not change production levels in the economy according to this theory 3) explains how monetary policy works 4) explains how an increase in M1 would increase production levels in the economy according to this theory 5) Is there a way to explain the contradictory conclusions of these two theories? Or is one right and the other wrong? Explain your reasoning You may use any resources, however, do not include any references or citations. Most of what you are writing and explaining is common knowledge and therefore does not need to be cited. Paraphrasing a source is okay. Do not use any direct quotations from any source because those always need to be cited

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