Multiple Choice
The quantity theory of inflation indicates that the inflation rate equals
A) the growth rate of the money supply minus the growth rate of aggregate output.
B) the level of the money supply minus the level of aggregate output.
C) the growth rate of the money supply plus the growth rate of aggregate output.
D) the level of the money supply plus the level of aggregate output.
Correct Answer:
Verified
Correct Answer:
Verified
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