Asked by Barnes & Noble
The quantity of money grows at a rate of 14percent ayear, potential GDP grows at
7 percent a year, and the velocity of circulation increases at a rate of 2 percent per year increases at a rate of 2 percent per year.
Calculate the inflation rate in the long run.
The inflation rate in the long run is percent a year.
7 percent a year, and the velocity of circulation increases at a rate of 2 percent per year increases at a rate of 2 percent per year.
Calculate the inflation rate in the long run.
The inflation rate in the long run is percent a year.
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