Multiple Choice
The growth version of the quantity equation can be expressed as:
A) growth rate of money - growth rate of velocity = inflation - real GDP growth.
B) growth rate of money + growth rate of velocity = inflation - real GDP growth.
C) growth rate of money X growth rate of velocity = inflation X real GDP growth.
D) growth rate of money + growth rate of velocity = inflation + real GDP growth.
Correct Answer:
Verified
Correct Answer:
Verified
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