Consider the following ratio: the average annual inflation rate/the average annual money growth rate.A country with a ratio less than one would have:
A) An average inflation rate greater than the average rate of money growth
B) An average inflation rate less than the average rate of money growth
C) To have a high unemployment rate
D) An economy suffering from a recession
Correct Answer:
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Q3: History proves that:
A)Countries with low rates of
Q4: Over the long run if central banks
Q5: If M2 is four times larger than
Q6: For many of the countries that made
Q6: Which of the following statements is most
Q7: If M = the money supply; Y
Q9: Which of the following expresses the equation
Q10: Consider the following ratio: the average annual
Q11: The velocity of money increases if:
A)Each unit
Q14: Using the equation of exchange, if inflation
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