Multiple Choice
A correctly anticipated increase in the quantity of money, in an economy with an unchanging long- run aggregate supply, will result in
A) no change in the price level and no change in real GDP.
B) a rise in the price level and a decrease in real GDP.
C) no change in the price level and an increase in real GDP.
D) a rise in the price level and an increase in real GDP.
E) a proportional rise in the price level and no change in real GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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