Multiple Choice
Suppose the rate of growth in output is 3.5 percent. The rate of growth in the money supply is 6.0 percent. The rate of growth in velocity is 0 percent. What is the inflation rate?
A) 9.5 percent.
B) 6.0 percent.
C) 3.5 percent.
D) 2.5 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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