In the United States,the long-run inflation rate can be expressed simply as the growth rate of money

Name: In the United States,the long-run inflation rate can be expressed simply as the growth rate of money
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The long-run inflation rate in the United States can be expressed as the growth rate of money minus the long-run growth rate of real GDP, according to the quantity theory of money. This theory suggests that if the money supply grows at a faster rate than real GDP, inflation will occur.

In the United States,the Long-Run Inflation Rate Can Be Expressed