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According to the Classical Quantity Theory of interest rate determination, if the velocity of money is constant, inflation is expected to be 3.1%, and the
According to the Classical Quantity Theory of interest rate determination, if the velocity of money is constant, inflation is expected to be 3.1%, and the money supply is expected to grow at 5.2%, what is the expected rate of growth in overall economic output for the economy as a whole?
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Principles of Economics
Authors: Gregory Mankiw
7th edition
128516587X, 978-1285165875
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