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How does money velocity contribute to the observation that in countries with high rates of inflation, the inflation rate exceeds the rate of money growth?

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter15: Macroeconomic Viewpoints: New Keynesian, Monetarist, And New Classical

Section: Chapter Questions

Problem 11E

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How does money velocity contribute to the observation that in countries with high rates of inflation, the inflation rate exceeds the rate of money growth?

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