If the U.S.money supply increases from $7.6 trillion to $8.3 trillion.If there is zero real economic growth, and velocity stays constant, then according to the quantity theory of money, the U.S.inflation rate during this period would be:
A)3 percent.
B)6 percent.
C)9 percent.
D)12 percent.

Question

Quizplus · Accepted Answer

The Answer of If the U.S.money supply increases from $7.6 trillion to $8.3 trillion.If there is zero real economic growth, and velocity stays constant, then according to the quantity theory of money, the U.S.inflation rate during this period would be:
A)3 percent.
B)6 percent.
C)9 percent.
D)12 percent.

If the USMoney Supply Increases from $7