If Real GDP and the Velocity of Circulation Do Not

question 199

Multiple Choice

If real GDP and the velocity of circulation do not change and the quantity of money grows by 3 percent, then in the long the inflation rate is

• A) 3 percent.
• B) 0 percent.
• C) -3 percent.
• D) larger than than 3 percent.
• E) More information is needed to answer the question.

---

Definitions:

Intrinsically Satisfying

An activity or outcome that is rewarding in and of itself, without any need for external recognition or reward.

Computer Technology

Refers to the study, design, development, application, implementation, support, or management of computer-based information systems.

Leadership Substitute

Alternatives to traditional leadership that can fulfill the role of guiding or influencing a group, such as technology or organizational structures.

Organizational Politics

Activities within an organization aimed at improving someone's status or position, often through means other than merit or performance.