In the long run with a constant velocity of circulation, the inflation rate ______. A. Is constant
Question:
In the long run with a constant velocity of circulation, the inflation rate ______.
A. Is constant and equals the money growth rate
B. Equals the money growth rate minus the growth rate of real GDP
C. Equals the growth rate of real GDP minus the growth rate of money
D. Is positive if the economic growth rate is positive
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Answer B If velocity is const...View the full answer
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