Question
According to ___________________, if the money supply grows at 6%, real GDP grows at 2%, and the velocity of money is constant, then the inflation
According to ___________________, if the money supply grows at 6%, real GDP grows at 2%, and the velocity of money is constant, then the inflation rate will be approximately _______________.
Group of answer choices
A the Phillips curve; 6%
B the Phillips curve; 2%
C the quantity theory of money; 4%
D the quantity theory of money; 8%
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Legal Fundamentals for Canadian Business
Authors: Richard A. Yates
4th edition
133370283, 978-0133370287
