Consider the following ratio: the average annual inflation rate/the average annual money growth rate. A country with
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Question:
Consider the following ratio: the average annual inflation rate/the average annual money growth rate. A country with a ratio less than one would have:
a. an average inflation rate greater than the average rate of money growth.
b. an average inflation rate less than the average rate of money growth.
c. to have a high unemployment rate.
d. an economy suffering from a recession.
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