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If Velocity Is Growing by 2 Percent Per Year and Real

Question 103

Multiple Choice

If velocity is growing by 2 percent per year and real output is growing 6 percent per year, according to the equation of exchange, in order to maintain stable prices, the money supply would have to:


A) ​grow by 3 percent.
B) ​grow by 4 percent.
C) ​grow by 8 percent.
D) ​grow by 12 percent.

Correct Answer:

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