| calculate the inflation/deflation if growth rate was 0.2 percent a year, the money growth rate was 3 percent a year, and the rate of velocity change was -4 percent a year (according to the | Quantity Theory of Money).

| calculate the inflation/deflation if growth rate was 0.2 percent a year, the money growth rate was 3 percent a year, and the rate of velocity change was -4 percent a year (according to the | Quantity Theory of Money).

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter13: Inflation

Section: Chapter Questions

Problem 7SQP

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Question

| calculate the inflation/deflation if growth
rate was 0.2 percent a year, the money growth
rate was 3 percent a year, and the rate of velocity
change was -4 percent a year (according to the
Quantity Theory of Money).

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