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...