Table 2 shows the annual inflation rate and the annual rate of growth of the money supply for an economy between 2021 and 2024.
| Year | Inflation rate (%) | Rate of growth of money supply (%) |
|---|---|---|
| 2021 | 6.2 | 7.0 |
| 2022 | 6.5 | 8.5 |
| 2023 | 5.1 | 5.0 |
| 2024 | 3.8 | 5.5 |
From the data in Table 2, it may be concluded that, all other things being equal, there was
a consistent positive relationship between the rate of inflation and the rate of growth of the money supply.
a continuous increase in the value of money over the entire period.
a continuous decline in the value of money over the entire period.
continuous disinflation from 2021 to 2024.
