Sustained Inflation Will Be Caused by a Sustained Growth in the Nominal

question 83

Multiple Choice

Sustained inflation will be caused by a sustained growth in the nominal money supply at a rate faster than the growth rate of velocity and the growth rate of output according to

• A)new Keynesian economists but not according to new classical economists.
• B)new classical economists but not according to new Keynesian economists.
• C)both new classical and new Keynesian economists.
• D)neither new classical nor new Keynesian economists.

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