Multiple Choice
Assume that the growth rate of real GDP in Astoria is 7.5%.Assume the growth rate of velocity is 0%.If Astoria's current annual inflation rate is 5.99%,the growth rate of the money supply will be
A) -1.51%.
B) 1.51%.
C) 5.99%.
D) 13.49%.
Correct Answer:
Verified
Correct Answer:
Verified
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