Question: Plot the following table on a graph measuring average money growth rates on the horizontal axis and average inflation rates on the vertical axis (data

Plot the following table on a graph measuring average money growth rates on the horizontal axis and average inflation rates on the vertical axis (data is for the period 1991–2000, from the Inter-American Development Bank). Inflation is measured using the CPI and the monetary aggregate considered is M1.

Does this data support the quantity theory of money?

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