According to the quantity theory of money, in the long run, the inflation rate equals the percentage increase in the quantity of money, plus the ________, minus the ________. If the growth rates of velocity and real GDP do not change when the money growth rate changes, then changes in ________ lead to ________ changes in the ________. Group of answer choices.
a. percentage increase in velocity; percentage increase in real GDP; the money growth rate; equal; inflation rate
b. percentage increase in real GDP; percentage increase in velocity; the real GDP growth rate; higher; inflation rate.
c. percentage increase in velocity; percentage increase in real GDP; the real GDP growth rate; equal; inflation rate.
d. percentage increase in velocity; percentage increase in real GDP; the velocity growth rate; higher; inflation rate.