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
the quantity theory of money; 8%
the Phillips curve; 6%
the quantity theory of money; 4%
the Phillips curve; 2%
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What Every Environmentalist Needs To Know About Capitalism
Authors: Fred Magdoff, John Bellamy Foster
1st Edition
1583672419, 9781583672419
