It is often suggested that central banks should try to achieve zero inflation. If we assume that

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It is often suggested that central banks should try to achieve zero inflation. If we assume that velocity is constant, does this zero inflation goal require that the rate of money growth equal zero? If yes, explain why. If no, explain what the rate of money growth should equal.

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Economics

ISBN: 124344

2nd Edition

Authors: N. Gregory Mankiw

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