单选题

Based On historical data and assuming less-than-full employment, periods of sharp acceleration in the growth rate of the money supply tend to be associated initially with（）。

A、 periods of economic recession.
B、 an increase in the velocity of money.
C、 a rapid growth in gross domestic product.

【正确答案】 C

【答案解析】

At less-than-full employment, an expected increase in the growth rate of the money supply will initially reduce the real rate of interest, increasing the demand for goods and services.