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According to the quantity theory of money, the major cause of inflation in the long run is an increase in:________ a. the velocity of money. b. the growth rate of real GDP. c. t…

According to the quantity theory of money, the major cause of inflation in the long run is an increase in:________ a. the velocity of money. b. the growth rate of real GDP. c. t…
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According to the quantity theory of money, the major cause of inflation in the long run is an increase in:________ a. the velocity of money. b. the growth rate of real GDP. c. the standard of living. d. the growth rate of the money supply.

User Glenn Posadas
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10 votes

Answer:

I think that the answer is d, sorry if I'm wrong

Step-by-step explanation:

User PDN
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