Question
Consider the following ratio: the average annual inflation rate/the average annual money growth rate. A country with a ratio less than one would have: a.
Consider the following ratio: the average annual inflation rate/the average annual money growth rate. A country with a ratio less than one would have:
a. an average inflation rate greater than the average rate of money growth.
b. an average inflation rate less than the average rate of money growth.
c. to have a high unemployment rate.
d. an economy suffering from a recession.
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The correct answer is b an average inflation rate less than the average rate of money ...
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Economics
Authors: Paul A. Samuelson, William Nordhaus
19th edition
978-0073511290, 73511293, 978-0073344232, 73344230, 978-007351129
