Question
According to the quantity theory of money, in the long run: A. the growth rate of aggregate output is the growth rate of velocity minus
According to the quantity theory of money, in the long run:
A.
the growth rate of aggregate output is the growth rate of velocity minus the inflation rate.
B.
the inflation rate is the growth rate of the money supply minus the growth rate of aggregate output.
C.
the growth rate of aggregate output is the growth rate of the money supply plus the inflation rate.
D.
the inflation rate is the growth rate of velocity minus the growth rate of aggregate output.
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Fintech For Finance Professionals
Authors: David Kuo Chuen Lee, Joseph Lim, Kok Fai Phoon, Yu Wang
1st Edition
9811241864, 978-9811241864
