Suppose real GDP is growing at a rate of 3%, and money supply is growing at 6%. What is the inflation rate in percentage terms? Write the number without the percentage symbol. Type your numeric answer and submit

Suppose real GDP is growing at a rate of 3%, and money supply is growing at 6%. What is the inflation rate in percentage terms? Write the number without the percentage symbol. Type your numeric answer and submit

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter13: Inflation

Section: Chapter Questions

Problem 7SQP

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