Advanced Placement (AP), 20.04.2021 05:10 alexbrafford
F the quantity of money grows at 3 percent a year, velocity does not grow, and real GDP grows at 2 percent a year, then the inflation rate equals
A.
6 percent.
B.
5 percent.
C.
1 percent.
D.
10 percent.
E.
12 percent.
Answers: 3
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F the quantity of money grows at 3 percent a year, velocity does not grow, and real GDP grows at 2 p...
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