The Rules-Based Monetary Policy Reads: the Annual Growth Rate in the Money

question 100

Multiple Choice

The rules-based monetary policy reads: The annual growth rate in the money supply will be equal to the average annual growth rate in Real GDP minus the growth rate in velocity.If the average growth rate in Real GDP this year is 3 percent and the growth rate in velocity is 2 percent,then the money supply will increase by ______________ percent this year.

• A) 1
• B) 2
• C) 3
• D) 4

---

Definitions:

Candidates

Individuals who apply for or are under consideration for a position, role, or opportunity.

Voters

People who meet the criteria and take part in voting processes to select officials or make decisions on matters of public concern.

Borda Count

A ranked voting method where voters order candidates by preference, and points are assigned based on position in the preference list, with the goal of identifying a winner through accumulated points.

Candidates

Candidates are individuals who present themselves or are nominated for a position, role, or to take part in a competition.