Multiple Choice
The long-run relationship between money growth, income growth, and the change in the price level in a nation is:
A) money growth = real income growth - change in the price level.
B) real income growth - money growth = change in the price level.
C) change in the price level = money growth - real income growth.
D) real income growth/change in the price level = money growth.
Correct Answer:
Verified
Correct Answer:
Verified
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