Question
If the growth rate of the money supply is 4 percent, the growth rate of velocity of money is 1 percent, and real output growth
If the growth rate of the money supply is 4 percent, the growth rate of velocity of money is 1 percent, and real output growth is 2 percent, what is the inflation rate?
| A. 3 percent | ||
| b. | 1 percent | |
| C. | +1 percent | |
| D. | 3 percent |
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Financial Valuation
Authors: James R. Hitchner
4th Edition
1119286603, 978-1119286608
