Multiple Choice
Looking at historical evidence for the United States and other countries, which of the following are TRUE?
I. There is a correlation between the growth rate of the quantity theory of money and the growth rate of real GDP.
II. There is a correlation between the growth rate of the quantity theory of money and the inflation rate.
A) Only I is true.
B) Only II is true.
C) Both I and II are true.
D) Neither I nor II is true.
Correct Answer:

Verified
Correct Answer:
Verified
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