In Figure 14.1, the relation between money growth and inflation is less perfect among countries with inflation

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In Figure 14.1, the relation between money growth and inflation is less perfect among countries with inflation below 10 percent than it is among countries with higher inflation. What might explain this difference?

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Money Banking and Financial Markets

ISBN: 978-1429244091

2nd edition

Authors: Laurence M. Ball

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Question Posted: Dec 05, 2015 03:46 AM

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In Figure 14.1, the relation between money growth and inflation is less perfect among countries with inflation

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According to the quantity equation part of the differences in inflation rates ...View the full answer

Money Banking and Financial Markets

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