Suppose That for a Given Year Money Growth Is 12

question 3

Multiple Choice

Suppose that for a given year money growth is 12 percent, real GDP growth is 3 percent, and velocity growth is 2 percent. According to the growth version of the quantity equation, the inflation rate would be

• A) -3 percent.
• B) 9 percent.
• C) 11 percent.
• D) 12 percent.

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A statistical approach for modeling the relationship between a dependent variable and one or more independent variables.