Multiple Choice
Which of the following determines the rate of inflation in the long run?
I. the rate of money growth
II. changes in expectations about the price level
III. the rate of economic growth
IV. changes in government spending
A) I and II only
B) I and III only
C) I, II, and III only
D) I, II, III, and IV
Correct Answer:
Verified
Correct Answer:
Verified
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