According to the quantity theory of​ money, if the longminusrun economic growth rate is​ 3.6%, by how much should the Fed increase the money supply if it wants inflation to be​ 3%?

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter7: Valuation Of Stocks And Corporations
Section7.6: Valuing Nonconstant Growth Stocks
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According to the quantity theory of​ money, if the longminusrun economic growth rate is​ 3.6%, by how much should the Fed increase the money supply if it wants inflation to be​ 3%?
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