Question: A . Express equation ( 1 ) in growth terms. Assuming that output grows at zero in the long run: explain and show why inflation

A. Express equation (1) in growth terms. Assuming that output grows at zero in the long run: explain and show why inflation is a monetary phenomenon in the long run (use the key assumptions we made in class to derive the long-run condition).
A . Express equation ( 1 ) in growth terms.

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