Multiple Choice
Suppose that for a given year money growth is 12 percent, real GDP growth is 4 percent, and velocity is constant. According to the growth version of the quantity equation, the inflation rate would be
A) 0.67 percent.
B) 3 percent.
C) 8 percent.
D) 16 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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