The following data are for the years 20 21 and 20 22 in country C . Usin...
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The following data are for the years 2021 and 2022 in country C.
Year
|
Money Supply (M)
|
Velocity (V)
|
Real GDP (Y)
|
2021
|
1500
|
7.0
|
14000
|
2022
|
1650
|
7.0
|
14000
|
Using the quantity theory of money, what is the rate of inflation in country C between 2021 and 2022?
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