Assuming a Long-Run Relationship, If Nominal Money Supply Grows at a Rate

question 10

Multiple Choice

Assuming a long-run relationship, if nominal money supply grows at a rate of 6.5%, real output growth is 3.2%, and the inflation rate is 2.8%, what is the percentage change in velocity?

• A)6)1%
• B)0)5%
• C)0%
• D)-0.1%
• E)-0.5%

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Definitions:

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