The growth rate of real GDP in Astoria is 7.5%. Assume the growth rate of velocity is 0%
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, by how many percentage points will the growth rate of the money supply need to change?
A) -3
B) -2.99
C) -1.49
D) 2.99
C
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Given the information in the table above. What is the opportunity cost of Cloth in terms of Widgets in Foreign?
What will be an ideal response?
Which of the following is a necessary condition for government subsidies to influence a firm to choose an output level as if it were a Stackelberg leader?
A) The subsidy must be announced before the firms choose output levels. B) The subsidy must be equal to the firm's marginal cost. C) The subsidy must be equal to the firm's rival's marginal cost. D) The firm does not have any fixed costs.
A trading block that includes the United States, Mexico, and Canada was established by the
a. Maastricht Agreement. b. General Agreement on Tariffs and Trade. c. North American Free Trade Agreement. d. Organization of American States.
Which of the following do most economists consider to be the most basic measure of a nation's international transactions?
a. balance on current account b. balance on capital account c. balance of merchandise trade d. balance on long-term capital