Label the following statements true or false and justify your answer.
a. Suppose that t...
Business, 21.02.2020 00:50, Quanashiar
Label the following statements true or false and justify your answer.
a. Suppose that the money supply is growing at 10%. If the velocity of money is falling at 10%, then inflation is zero.
i. True
ii. False
b. Suppose that inflation equals the growth rate of the money supply. Then seigniorage revenues are growing over time.
i. True
ii. False
Answers: 3
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