Under a constant growth rate of money rule of 4 percent in an economy in which Real GDP grows at an average rate of 3 percent and velocity is constant, the inflation rate is
A) 7 percent.
B) -7 percent.
C) 1 percent.
D) -1 percent.
E) constant at zero.
C
Economics
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Anna deposited $10,000 into an account three years ago. The first year she earned 12 percent interest, the second year she earned 8 percent interest, and the third year she earned 4 percent interest. How much money does she have in her account today?
a. $12,579.84 b. $12,596.80 c. $12,597.12 d. None of the above are correct to the nearest cent.
Economics
The board of directors is typically only concerned with the short-run profitability of a firm.
Indicate whether the statement is true or false.
Economics