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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.
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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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