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evidence shows that the quantity equation is correct over the long run, which implies that the *growth rate of inflation leads to growth in gdp
evidence shows that the quantity equation is correct over the long run, which implies that the
*growth rate of inflation leads to growth in gdp
*growth rate of the velocity of money causes the level of prices to change
*growth rate of gdp causes most of the change in the money supply
* growth rate of the money supply determines the rate of inflation