Argentinas consumer prices increased by 3.1 percent in June and the government forecasts that the 2016 inflation
Question:
Argentina’s consumer prices increased by 3.1 percent in June and the government forecasts that the 2016 inflation rate will be 40 to 42 percent.
The quantity of money in Argentina is growing at a rate of 30 percent a year. How can the inflation rate exceed the money growth rate?
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Step by Step Answer:
The inflation rate equals the money growth rate plus the v...View the full answer
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Jonas Araujo
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