The rate of inflation is
A) the absolute change in a price level index from one year to the next.
B) the percentage change in a price level index from one year to the next.
C) the difference between GDP and the real level of GDP.
D) always equal to the rate of interest charged by banks to borrow money.
E) b and c.
Correct Answer:
Verified
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Q11: The real money supply
A) tends to grow
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