Question: On average, studies find that an association between the growth in real GDP and inflation ( roughly 1 % increase in one equals a 1
On average, studies find that an association between the growth in real GDP and inflation roughly increase in one equals a decrease in the other Which causes which?
a Growth in inflation causes real GDP to increase
b Growth in real GDP causes inflation to increase
c Growth in inflation causes real GDP to decrease
d Growth in real GDP causes inflation to decrease
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