Multiple Choice
Monetarists believe that in the short run, a change in the money supply can affect _____, while in the long run, a change in the money supply will affect _____ only.
A) output and the price level; output
B) output only; the price level
C) output and the price level; the price level
D) the price level only; output
Correct Answer:
Verified
Correct Answer:
Verified
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