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Business, 16.11.2019 04:31 kahmir15

Ased on the quantity theory of money, if velocity is constant, inflation is likely to occur when:
a. the money supply grows at a slower rate than real gdp.
b. the money supply grows at a faster rate than real gdp.
c. the money supply grows at the same rate as real gdp.
d. the money supply and inflation are unrelated.

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