A、neither high inflation nor moderate inflation is very costly.
B、both high and moderate inflation are quite costly.
C、high inflation is costly, but they disagree about the costs of moderate inflation.
D、moderate inflation is as costly as high inflation.
A、will be 2.8 percent if inflation turns out to be 2 percent; it will be higher if inflation turns out to be higher than 2 percent.
B、will be 2.8 percent if inflation turns out to be 2 percent; it will be lower if inflation turns out to be higher than 2 percent.
C、will be 3.2 percent if inflation turns out to be 2 percent; it will be higher if inflation turns out to be higher than 2 percent.
D、will be 3.2 percent if inflation turns out to be 2 percent; it will be lower if inflation turns out to be higher than 2 percent.
A、both an increase in the size of the money supply and an increase in the money supply growth rate
B、an increase in the size of the money supply but not an increase in the money supply growth rate
C、an increase in the money supply growth rate, but not an increase in the size of the money supply
D、neither an increase in the size of the money supply nor an increase in the money supply growth rate
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