Multiple Choice
If the short-run macroeconomic equilibrium occurs in the Keynesian range of the short-run aggregate supply curve, then an increase in the money supply will lead to:
A) an increase in the equilibrium price.
B) a decrease in equilibrium price.
C) an increase in equilibrium output.
D) a decrease in equilibrium output.
Correct Answer:
Verified
Correct Answer:
Verified
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