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According to the quantity theory of money, if the money supply grows at 10%, real GDP grows at 6%, and the velocity of money is
According to the quantity theory of money, if the money supply grows at 10%, real GDP grows at 6%, and the velocity of money is constant, then the inflation rate will be Group of answer choices 8%. 6%. 4%. 2%
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
