We discussed the relationship between money growth and inflation in the course so far. Which statement best summarizes the relationship between money growth and inflation that we observed?

Question 24 options:

Money growth and inflation has been strongly correlated.

Money growth and inflation are now strongly correlated but was not in the earlier period that we looked at.

Money growth and inflation used to be strongly correlated but no longer appear to be.

There has never been an obvious relationship between money growth and inflation.