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Basile [38]
3 years ago
5

If during the past decade the average rate of monetary growth has been 5% and the average inflation rate has been 5%, everything

else held constant, when the Federal Reserve announces that the new rate of monetary growth will be 10%, the adaptive expectation forecast of the inflation rate is :______
a. more than 10%.


b. 5%.


c. 10%.


d. between 5 and 10%.
Business
1 answer:
skad [1K]3 years ago
7 0
A is the answer


Sorry if I’m wrong
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