According to the Quantity Theory of Money,if the Money Supply

question 129

Multiple Choice

According to the quantity theory of money,if the money supply grows at 6%,real GDP grows at 2%,and the velocity of money is constant,then the inflation rate will be

• A)8%.
• B)6%.
• C)4%.
• D)2%.

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Definitions:

Explicit Preferences

Preferences or choices that are clearly expressed or openly displayed by an individual, often reflecting conscious decisions and beliefs.

Implicit Preferences

Unconscious biases or inclinations towards certain ideas, individuals, or objects.

Implicit Attitude

An attitude that exists outside of conscious awareness, influencing feelings and behavior unconsciously.

Explicit Attitude

Attitudes that people consciously endorse and can easily report, reflecting deliberate beliefs and feelings.