Multiple Choice
Using the quantity equation, if the velocity of money grows at 5 percent, the money supply grows at 10 percent, and real GDP grows at 4 percent, then the inflation rate will be
A) 19 percent.
B) 15 percent.
C) 11 percent.
D) 6 percent.
E) 5 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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