Answered: In the long run, the key determinant of…

In the long run, the key determinant of inflation is a. the money supply. b. real GDP. c. the velocity of money. d. the growth rate of the money supply e. the growth rate of income

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter14: Macroeconomic Policy: Tradeoffs, Expectations, Credibility, And Sources Of Business Cycles

Section: Chapter Questions

Problem 8E

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In the long run, the key determinant of
inflation is
a. the money supply.
b. real GDP.
c. the velocity of money.
d. the growth rate of the money supply
e. the growth rate of income

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