If the USMoney Supply Increases from $7

question 69

Multiple Choice

If the U.S.money supply increases from $7.6 trillion to $8.3 trillion.If there is zero real economic growth, and velocity stays constant, then according to the quantity theory of money, the U.S.inflation rate during this period would be:

• A)3 percent.
• B)6 percent.
• C)9 percent.
• D)12 percent.

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