Find the inflation rate using quantity theory of money

Reference no: EM13238123

The postwar U.S. economy data shows that the long-run annual growth rate of output is 3.2%, the long-run annual growth rate of money stock is 5.3%, and the nominal interest is 5.8 (a) Find the inflation rate using quantity theory of money. Assume that velocity is constant in the long run.

Reference no: EM13238123

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