Suppose That Real GDP Grows by 3 Percent a Year

question 142

Multiple Choice

Suppose that real GDP grows by 3 percent a year, the quantity of money grows 6 percent a year, and velocity grows by 1 percent.In the long run, the inflation rate equals

• A) 9 percent.
• B) 4 percent.
• C) 5 percent.
• D) 12 percent.
• E) 10 percent.

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The condition of the air within our surroundings, measured by the presence and concentration of pollutants, which can affect human health and the environment.

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