Multiple Choice
If velocity does not change and if real GDP and the quantity of money grow at the same rate, then the price level
A) rises and the inflation rate is negative.
B) falls and the inflation rate is negative.
C) does not change and the inflation rate is zero.
D) rises and the inflation rate is positive.
E) falls and the inflation rate is positive.
Correct Answer:
Verified
Correct Answer:
Verified
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