The quantity of money grows at a rate of 20 percent a year
The quantity of money grows at a rate of 20 percent a year, real GDP grows at 8 percent a year in the long run, and the velocity of circulation is constant. What is the inflation rate in the long run?
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the quantity of money grows at a rate of 20 percent a year real gdp grows at 8 percent a year in the long run and the
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