When there is a shortage I. there is a tendency for price to increase. II. there is an excess quantity demanded

Another way to describe the growth rate of spending is:

A. the growth rate of real GDP. B. the growth rate of nominal GDP. C. the growth rate of the velocity of money. D. the growth rate of the money supply.

Inflation targeting has been adopted by the central banks of several countries including the European Central Bank

Indicate whether the statement is true or false