During an inflationary process velocity is 1higher because, Ask an Expert

Economics

During an inflationary process, velocity is

1.	higher because people hold fewer real money balances
2.	lower because people hold fewer real money balances
3.	higher because people hold more real money balances
4.	lower because people hold more real money balances

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91721556

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