Question: During the years from 2010 to 2014, the average annual growth rate of M1 was 12.7 percent, while the inflation rate as measured by the

During the years from 2010 to 2014, the average annual growth rate of M1 was 12.7 percent, while the inflation rate as measured by the GDP deflator averaged 1.8 percent. Are these values consistent with the quantity equation? If you would need additional information to answer, state what the information is. Are the values consistent with the quantity theory of money? Briefly explain.

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