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Copyright©2004 South-Western 30 Money Growth and Inflation Money Growth and Inflation.

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Copyright©2004 South-Western 30 30 Money Growth and Inflation

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Page 1: Copyright©2004 South-Western 30 Money Growth and Inflation Money Growth and Inflation.

Copyright©2004 South-Western

3030Money Growth

and Inflation

Page 2: Copyright©2004 South-Western 30 Money Growth and Inflation Money Growth and Inflation.

Copyright©2004 South-Western

Figure 1 How the Supply and Demand for Money Determine the Equilibrium Price Level

Page 3: Copyright©2004 South-Western 30 Money Growth and Inflation Money Growth and Inflation.

Copyright©2004 South-Western

Figure 2 An Increase in the Money Supply

Page 4: Copyright©2004 South-Western 30 Money Growth and Inflation Money Growth and Inflation.

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Figure 3 Nominal GDP, the Quantity of Money, and the Velocity of Money

Page 5: Copyright©2004 South-Western 30 Money Growth and Inflation Money Growth and Inflation.

Copyright©2004 South-Western

Figure 4a Money and Prices during Four Hyperinflations

Page 6: Copyright©2004 South-Western 30 Money Growth and Inflation Money Growth and Inflation.

Copyright©2004 South-Western

Figure 4b Money and Prices during Four Hyperinflations

Page 7: Copyright©2004 South-Western 30 Money Growth and Inflation Money Growth and Inflation.

Copyright©2004 South-Western

Figure 4c Money and Prices during Four Hyperinflations

Page 8: Copyright©2004 South-Western 30 Money Growth and Inflation Money Growth and Inflation.

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Figure 4d Money and Prices during Four Hyperinflations

Page 9: Copyright©2004 South-Western 30 Money Growth and Inflation Money Growth and Inflation.

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Figure 5 The Nominal Interest Rate and the Inflation Rate

Page 10: Copyright©2004 South-Western 30 Money Growth and Inflation Money Growth and Inflation.

Table 1 How Inflation Raises the Tax Burden on Saving

Copyright©2004 South-Western

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