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Suppose the Annual Growth Rate of Real GDP for the Nation

Question 11

Multiple Choice

Suppose the annual growth rate of real GDP for the nation of Svengali is 5% and the growth rate of velocity is 0%.If the money supply growth rate decreases from 4% to 2%,what is the new rate of inflation in Svengali?


A) -3%
B) -1%
C) 3%
D) 7%

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