When the velocity of money is independent of the price level, the interest rate, the money supply and the level of real GDP. the quantity theory predicts that Select one: a.The growth rate of real GDP = Growth rate of money supply + Inflation rate O b. The inflation rate if positive when the growth rate of money supply = growth rate of real GDP c. The inflation rate is positive when the growth rate of the money supply is less than the growth rate of GDP d. growth rate of real GDP + inflation rate = Grow rate of money supply Oe The inflation rate is constant. Please I need it with explanation and fast
When the velocity of money is independent of the price level, the interest rate, the money supply and the level of real GDP. the quantity theory predicts that Select one: a.The growth rate of real GDP = Growth rate of money supply + Inflation rate O b. The inflation rate if positive when the growth rate of money supply = growth rate of real GDP c. The inflation rate is positive when the growth rate of the money supply is less than the growth rate of GDP d. growth rate of real GDP + inflation rate = Grow rate of money supply Oe The inflation rate is constant. Please I need it with explanation and fast
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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When the velocity of money is independent of the
Select one:
a.The growth rate of real GDP = Growth rate of money supply + Inflation rate O
b. The inflation rate if positive when the growth rate of money supply = growth rate of real GDP
c. The inflation rate is positive when the growth rate of the money supply is less than the growth rate of GDP
d. growth rate of real GDP + inflation rate = Grow rate of money supply Oe The inflation rate is constant.
Please I need it with explanation and fast
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