Econ 100C: Intermediate Economics III Assignment #2

Spring 2015: Jenkins

                           Due: Wednesday, April 22, 2015

Instructions: You may work with your colleagues, but you must submit your own assign-

ment to receive credit. The assignment is due at the beginning of the class on the the due

date for the assignment. Late assignments will be subject to the grading penalty described on

the course syllabus. You may make arrangements with your TA to submit your assignment

early if necessary.

1. The quantity theory of money.

   (a) For each of the following pairs of long-run average growth rates of real GDP and

     the money supply, compute the long-run average rate of ination  and the long-
   
     run average...