Multiple Choice
Suppose that for a given year money growth is 11 percent, real GDP growth is 6 percent, and the inflation rate is 3 percent. According to the growth version of the quantity equation, velocity growth would be
A) -2 percent.
B) 0.6 percent.
C) 1.67 percent.
D) 5 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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