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  3. Study Set
    Principles of Economics
  4. Exam
    Exam 34: The Influence of Monetary and Fiscal Policy on Aggregate Demand
  5. Question
    In the Long Run, the Interest Rate and Inflation Rate
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In the Long Run, the Interest Rate and Inflation Rate

Question 55

Question 55

True/False

In the long run, the interest rate and inflation rate adjust to accommodate a fixed level of output.In the short run, the interest rate and output adjust to accommodate a predetermined level of prices.

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