If nominal money supply grows by 3% and real money demand grows by 8%, the inflation rate is
(a) -5%.
(b) 8/3%.
(c) 5%.
(d) 11%.
Answer: A
If nominal money supply grows by 3% and real money demand grows by 8%, the inflation rate is
(a) -5%.
(b) 8/3%.
(c) 5%.
(d) 11%.
Answer: A
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