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QUESTION
If velocity and output were nearly constant, how would the inflation rate compare with the money supply growth rate?
- If velocity and output were nearly constant, how would the inflation rate compare with the money supply growth rate?
- A. The inflation rate would be much higher than the money supply growth rate.
- B. The inflation rate would be about the same as the money supply growth rate.
- C. The inflation rate would be much lower than the money supply growth rate.
- D. The inflation rate cannot be compared with the money supply growth rate because they are independent of each other.
