Multiple Choice
According to the quantity theory of money, the rate of inflation equals:
A) the rate of growth in the money supply.
B) the rate of growth in the money supply less the rate of growth in output.
C) the rate of growth in the money supply less the rate of growth in velocity.
D) the rate of growth in the money supply less the rate of growth in the price level.
Correct Answer:
Verified
Correct Answer:
Verified
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