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anonkah anonkah
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A year ago
The Quantity Explanation for Inflation

According to the quantity theory of money, if the money supply grows at 5%, real output grows at 7%, and the velocity of money is constant, then the inflation rate will be ________. (Round to the nearest tenth when appropriate.)

▸ 0.7%

▸ -2%

▸ 35%

▸ 12%
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Macroeconomics

Macroeconomics


Edition: 3rd
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mkql12mkql12
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A year ago
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