Under a Constant Growth Rate of Money Rule of 5

question 146

Multiple Choice

Under a constant growth rate of money rule of 5 percent in an economy in which Real GDP grows at an average rate of 5 percent and velocity is constant,the inflation rate is

• A)5 percent.
• B)-5 percent.
• C)25 percent.
• D)-25 percent.
• E)constant at zero.

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