In many cases of past rebalancing, an undervalued exchange rate also led to excessive growth in money supply, making it harder to tame inflation.
在很多调整平衡的情况下,低估的汇率还会导致货币供应过度增长,增加平抑通货膨胀的难度。
Only if the rate of growth of the money supply exceeds the rate of growth of production will a general increase in prices ensue.
只要货币供应量增长速度超过生产的增长速度,价格普遍提高将随之而来。
Only if the rate of growth of the money supply exceeds the rate of growth of production will a general increase in prices ensue.
只要货币供应的增长率超过生产的增长率,一个普遍的价格上涨就会随之而来。
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