Suppose the full-employment level of real GDP is increasing at a rate of 3% per period and

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Suppose the full-employment level of real GDP is increasing at a rate of 3% per period and the money supply is growing at a 4% rate. What will happen to the long-run inflation rate, assuming constant velocity?

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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Posted Date: Mar 06, 2024 02:17 AM

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Suppose the full-employment level of real GDP is increasing at a rate of 3% per period and

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Principles of economics

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