Multiple Choice
According to the real business cycle model,
A) changes in money growth cause output fluctuations in both the short run and long run.
B) changes in money growth cause output fluctuation in the long run, but not in the short run.
C) there is no causal link between the money supply and output.
D) most observed changes in the money supply are independent of previous changes in output.
Correct Answer:

Verified
Correct Answer:
Verified
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