MACROECONOMICS
10th Edition
ISBN: 9781319106072
Author: Mankiw
Publisher: MAC HIGHER
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Question
Chapter 5, Problem 2PA
(a)
To determine
The average inflation rate.
(b)
To determine
The value of inflation rate if the real income growth is high.
(c)
To determine
The relationship between parameter ‘k’ and the velocity of money.
(d)
To determine
The effect of growing velocity of money on inflation rate.
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