Multiple Choice
Suppose that for a given year money growth is 12 percent, real GDP growth is 3 percent, and velocity growth is 2 percent. According to the growth version of the quantity equation, the inflation rate would be
A) -3 percent.
B) 9 percent.
C) 11 percent.
D) 12 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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