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The Aggregate Demand-Aggregate Supply Framework Indicates That the Long-Run Effect

Question 44

Multiple Choice

The aggregate demand-aggregate supply framework indicates that the long-run effect of a ________ in the money supply is an increase in ________, everything else held constant.


A) fall; aggregate output
B) fall; the inflation rate
C) rise; aggregate output
D) rise; the inflation rate

Correct Answer:

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