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Quiz
· Business Fluctuations
· 4 of 18
Principles of Macroeconomics
Knowledge Check
Question 1 of 6
Given money supply growth + velocity growth (%ΔM + %ΔV) = inflation + real GDP growth (π + %ΔYᵣ), if money supply growth is 8% and velocity growth is 0%, what will inflation plus real GDP growth be?
a.
0%
b.
4%
c.
8%
d.
16%
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