Q. An increase of 1% per annum in the rate of growth of the money supply will increase inflation in the long run by _______.
A) One percent
B) Zero percent
C) More than one percent
D) 0.5 percent
✔ Correct Answer: One percent
Exam Insight
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A) One percent
B) Zero percent
C) More than one percent
D) 0.5 percent
✔ Correct Answer: One percent
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