Multiple Choice
Which of the following is a correct characterization of the views of economists on the relation between changes in the money supply and changes in output in the short run?
A) Economists agree that changes in the money supply are responsible for subsequent changes in output.
B) Economists agree that changes in the money supply reflect, rather than cause, changes in output.
C) Economists disagree over whether changes in the money supply are responsible for subsequent changes in output or whether changes in the money supply reflect changes in output.
D) Economists disagree over whether changes in the money supply and changes in output are closely related in the short run.
Correct Answer:
Verified
Correct Answer:
Verified
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