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mrb0714 mrb0714
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A year ago
Suppose that we produce a graph with the annual inflation rate on the y-axis and the growth rate of the money supply minus the growth rate of real GDP on the x-axis. We plot the averages of each of these quantities over the past 50 years on the graph. If the countries' points do not lie approximately on the 45° line, then this lends support to the ________.

▸ social benefit of inflation outweighing the social cost of inflation

▸ quantity theory of money being correct

▸ quantity theory of money being incorrect

▸ social cost of inflation outweighing the social benefit of inflation
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Macroeconomics

Macroeconomics


Edition: 3rd
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LaceyCGibsonLaceyCGibson
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A year ago
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mrb0714 Author
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A year ago
This helped my grade so much Perfect
AlahuKakpar
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Yesterday
You make an excellent tutor!
bioc
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2 hours ago
Good timing, thanks!
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