Large differences in inflation rates among countries are almost always the result of large differences in
(a) productivity.
(b) real income growth.
(c) the growth rates of real money demand.
(d) the growth rates of nominal money supplies.
Answer: D
Large differences in inflation rates among countries are almost always the result of large differences in
(a) productivity.
(b) real income growth.
(c) the growth rates of real money demand.
(d) the growth rates of nominal money supplies.
Answer: D
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