Multiple Choice
In a small economy, the rate of money growth for the current year is 2%. Velocity of money circulation is stable. Inflation is expected to be about 1.5% over the current year. What is the short-run economic growth rate?
A) 3.5%
B) 1.5%
C) 0.5%
D) 2%
Correct Answer:
Verified
Correct Answer:
Verified
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