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

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter22: Money Growth And Inflation

Section: Chapter Questions

Problem 2CQQ

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