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If the Short-Run Macroeconomic Equilibrium Occurs in the Classical Range

Question 30

Multiple Choice

If the short-run macroeconomic equilibrium occurs in the classical range of the short-run aggregate supply curve, then an increase in money supply will _____ output and will _____ the price level.


A) not change; decrease
B) increase; not change
C) not change; increase
D) decrease; not change

Correct Answer:

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