Multiple Choice
Suppose that for a given year money growth is 10 percent, real GDP growth is 8 percent, and velocity is constant. According to the growth version of the quantity equation, the inflation rate would be
A) -2 percent.
B) 1.25 percent.
C) 2 percent.
D) 18 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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