QUESTION 39 Suppose that the money supply will grow by 2% in Japan over the next five years. Velocity is constant. Real income is expected to grow at 3%. The inflation rate will be: 5% 3% 1% -1% none of the above
QUESTION 39 Suppose that the money supply will grow by 2% in Japan over the next five years. Velocity is constant. Real income is expected to grow at 3%. The inflation rate will be: 5% 3% 1% -1% none of the above
Chapter13: Inflation
Section: Chapter Questions
Problem 7SQP
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QUESTION 39 Suppose that the money supply will grow by 2% in Japan over the next five years. Velocity is constant. Real income is expected to grow at 3%. The inflation rate will be:
5%
3%
1%
-1%
none of the above
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