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B has general tendency to be larger than describe economic

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Reference no: EM13455737

The money growth rate :, the inflation rate B, and the real money supply M/P for a few years in Bolivia were:

Year : B M/P

1979 22% 20% 9533

1980 28% 47% 8260

1981 23% 32% 7671

1982 103% 124% 69732

1983 239% 276% 6295

We see immediately that

(a) B have upward trends over the five year period

(b) M/P has a downward trend

(c) B has a general tendency to be larger than :

Explain the economic relationships that cause the observed behavior among these :, B, and M/P.

Reference no: EM13455737

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