The most formal attire for a wedding is white tie and if you receive a wedding invitation in the mail that says white tie is required, you're pretty restricted as to what you should and should not wear.
Figure 11.5 Inflation and Money Growth in the Long Run examines annual growth rates based on observing the money supply and the price level at five-year intervals. The first observation is the annual growth rate for the period starting in January 1959 and ending in January 1964.omparing these two figures, you can see that the relationship between money growth and inflation is much tighter when we examine five-year periods, as in Figure 11.5 Inflation and Money Growth in the Long Run , rather than the monthly changes in Figure 11.4 Inflation and Money Growth in the Short Run .
Relationship Between Inflation and Stock Prices 49 The Fisher Effect expresses the nominal rate of interest (r) as the sum of the real rate of interest plus the inflation rate. as follows: 1+r=(1+R)(1+I) r =R+I (3) Where: r is the nominal rate of interest.