Multiple Choice
The equation of exchange in terms of growth rate is
A) Inflation rate = Real GDP growth rate.
B) Money growth rate - Rate of velocity change = Inflation rate + Real GDP growth rate.
C) Inflation rate = Money growth rate + Rate of velocity change + Real GDP growth rate.
D) Money growth rate = Inflation rate - Real GDP growth rate.
E) Money growth rate + Rate of velocity change = Inflation rate + Real GDP growth rate.
Correct Answer:
Verified
Correct Answer:
Verified
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