long run inflation rate
Not what you're looking for?
Consider if true or false/explain.
In the US the long run inflation rate can be expressed simply as the growth rate of money minus the long run growth rate of real GDP.
Purchase this Solution
Solution Summary
A country's long run inflation rate is examined.
Solution Preview
A country's long run inflation rate is approximately equal to the rate of growth of the money supply minus the rate of growth of real GDP.
From the macroeconomic theory, the velocity of money measures how many times per year the typical dollar bill is used to ...
Purchase this Solution
Free BrainMass Quizzes
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.