A cross-country analysis of money growth supports the conclusion that:
A) There is no correlation between the growth rate of the quantity of money and the rate of inflation
B) The correlation between the money growth rate and inflation in most countries was positive but very small
C) The correlation between inflation and money growth in most industrialized countries was actually negative
D) The correlation between inflation and the money growth rate was positive and relatively strong
Correct Answer:
Verified
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A)
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