If the money supply is growing at a rate of 6 percent per year, real GDP is

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If the money supply is growing at a rate of 6 percent per year, real GDP is growing at a rate of 3 percent per year, and velocity is constant, what will the inflation rate be? If velocity is increasing 1 percent per year instead of remaining constant, what will the inflation rate be?
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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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