The growth rate of real GDP in Astoria is 7.5%. Assume the growth rate of velocity is constant at a rate of 5%
If Astoria wishes to decrease the inflation rate from the annual rate of 5.99% to a target rate of 4.5% and maintain its current growth rate of real GDP, what will the growth rate of the money supply need to be?
A) 6.49%.
B) 7%.
C) 8%.
D) 8.49%.
B
Economics
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An increase in productivity in the agricultural sector in conjunction with an income inelastic demand for farm products
A) causes prices to fall. B) causes prices to rise. C) causes prices to remain constant. D) may cause prices to rise, fall, or remain the same, depending upon the relative shifts in the supply and demand curves.
Economics
In which of the decades below was the inflation-adjusted deficit largest?
A. The 1970s B. The 1980s C. The 1960s D. The 1950s
Economics