Suppose a constant-money-growth-rate rule of 3 percent is being considered. If it is estimated that average annual Real GDP growth is 3.5 percent and it turns out that velocity is rising by 2 percent a year on average, the rule would produce an average annual rate of inflation of __________ percent
A) 1.5
B) 2.5
C) 3.0
D) 5.5
E) 2.0
A
Economics
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a. the rich; the middle class b. special interests; the public interest c. the rationally ignorant; special interests d. the future; the present
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a. True b. False Indicate whether the statement is true or false
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Economics