According to the quantity theory of money, in the long run:
a. the inflation rate is t...
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Business, 20.12.2019 21:31 kaylaunderwood470
According to the quantity theory of money, in the long run:
a. the inflation rate is the growth rate of the money supply minus the growth rate of aggregate output.
b. the growth rate of aggregate output is the growth rate of the money supply plus the inflation rate.
c. the growth rate of aggregate output is the growth rate of velocity minus the inflation rate.
d. the inflation rate is the growth rate of velocity minus the growth rate of aggregate output.
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