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If the money supply growth rate permanently increased from 4 percent to 10 percent, what would we expect to happen to the inflation rate and
If the money supply growth rate permanently increased from 4 percent to 10 percent, what would we expect to happen to the inflation rate and the nominal interest rate? a) Both the inflation rate and the nominal interest rate would increase by less than 6 percent. O b) The inflation rate would increase by less than 6 percent, and the nominal interest rate would increase by 10 percent. O c) Both the inflation rate and the nominal interest rate would increase by 6 percent. O d) The inflation rate would increase by 6 percent, and the nominal interest rate would increase by less than 10 percent
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