Business, 18.08.2019 04:10 lily2019

Suppose a constant-money-growth-rate rule of 3 percent is being considered. if it is estimated that average annual real gdp growth is 3.5 percent and it turns out that velocity is rising by 2 percent a year on average, the rule would produce an average annual rate of inflation of percent.

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Suppose a constant-money-growth-rate rule of 3 percent is being considered. if it is estimated that...

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