Multiple Choice
Suppose the full-employment level of real GDP is increasing at a rate of 4% per period. If policymakers are committed to keeping the long-run inflation rate at 3% per period, then what is the targeted money growth rate, assuming constant velocity?
A) 7%
B) 4%
C) 1%
D) -1%
Correct Answer:
Verified
Correct Answer:
Verified
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